gm. a mate dm'd me this today and i genuinely haven't stopped thinking about it.
$ZEC is up 16.95% this week, sitting at $574.63, and it's not just vibes pushing it, there's an actual paper trail.
Grayscale filed an amended Zcash ETF registration, and its parent DCG is reportedly in talks to seed that fund with 200,000 ZEC, about $110M worth. that's DCG's own claim so far, not a done deal, but if it closes that's real supply getting pulled off the market, not just a filing sitting in a drawer.
on the tech side the Ironwood upgrade just sealed the Orchard pool after a bug that sat unfixed for 4 years, with 3.66M ZEC now locked into that pool clean.
i'm bullish here. if DCG actually completes that $110M buy, $ZEC keeps grinding higher on scarcity alone. if the filing stalls or DCG walks from that 200k ZEC number, this rally runs out of air fast.
i'm watching whether that purchase actually prints before i'd call this more than a headline pump.
#Zcash #cryptocurrency
$ZEC is up 16.95% this week, sitting at $574.63, and it's not just vibes pushing it, there's an actual paper trail.
Grayscale filed an amended Zcash ETF registration, and its parent DCG is reportedly in talks to seed that fund with 200,000 ZEC, about $110M worth. that's DCG's own claim so far, not a done deal, but if it closes that's real supply getting pulled off the market, not just a filing sitting in a drawer.
on the tech side the Ironwood upgrade just sealed the Orchard pool after a bug that sat unfixed for 4 years, with 3.66M ZEC now locked into that pool clean.
i'm bullish here. if DCG actually completes that $110M buy, $ZEC keeps grinding higher on scarcity alone. if the filing stalls or DCG walks from that 200k ZEC number, this rally runs out of air fast.
i'm watching whether that purchase actually prints before i'd call this more than a headline pump.
#Zcash #cryptocurrency