Whales appear to be taking advantage of the recent dip in Zebec Network’s (ZBCN) price, triggered by Donald Trump’s Oct. 11 threat to impose 100% tariffs on Chinese tech exports. The accumulation comes just before Kraken Exchange lists ZBCN on Oct. 15.
Whales Accumulate After Market Pullback
On-chain data shows that several large wallets moved between 10 million and 80 million ZBCN in the past 24 hours. The transfers passed through addresses linked to OKX DEX Router, Meteora Market, and Gate.io, suggesting repositioning before the upcoming listing.
Futures market data shows that Zebec Network’s open interest rose to nearly $6 million on Oct. 14, aligning with on-chain whale accumulation seen in spot markets.
The increase suggests traders are building leveraged exposure ahead of the Kraken listing, showing confidence in short-term volatility and potential upside once trading begins.
Earlier this month, the U.S. Securities and Exchange Commission (SEC) issued a “no-action” letter on October 1, clarifying that Decentralized Physical Infrastructure Network (DePIN) tokens — including Double Zero’s 2Z — are not securities.
The decision provided long-awaited regulatory clarity for DePIN projects, easing compliance concerns and encouraging developer participation. Following the announcement, DePIN tokens such as Zebec Network (ZBCN) rallied sharply as investors interpreted the move as a sign of lower regulatory risk for the sector.
Trump’s Tariff Threat Reverses Short-Term ZBCN Gains
The timing of these whale movements aligns with the broader market pullback that followed Trump’s tariff statement. Donald Trump threatened to impose 100% tariffs on Chinese technology exports, triggering a global risk-off reaction.
ZBCN token price dropped alongside the broader market, erasing part of its early-month gains. However, the decline created an entry point for large investors, who have since accumulated ahead of the Kraken listing.
On Oct. 14, ZBCN traded near $0.0039, down 5.5% on the day. The chart shows that the token recently broke above a descending channel but failed to sustain momentum beyond the 20-day Exponential Moving Average (EMA) at $0.00425.
The 20- and 50-day EMAs are converging, forming a decision zone that could determine near-term direction. A breakout above this range may invite further buying, while a rejection could push the price toward lower support.
The 200-day EMA ($0.00355) remains the key support level. A daily close below it could send ZBCN toward $0.0030. The Relative Strength Index (RSI) stands near 45, signaling neutral momentum and subdued volatility ahead of the Kraken launch.
If ZBCN price breaks above $0.00425, short-term targets sit at $0.0050 and $0.0058. Conversely, a drop below $0.0035 could extend losses to $0.0030.