📰 Zcash breaks above $1,000 during the September 4 trading session, and again on September 7. Over the past 24 hours, roughly $34.5 million worth of ZEC short positions have been liquidated, and a squeeze could indeed amplify the uptrend further—but it can’t explain all of the gains.
🔥 Behind this surge in attention are investors such as Barry Silbert, the Winklevoss brothers, Multicoin, and Naval supporting privacy assets. Grayscale’s ZCSH was also upgraded on August 25 to an exchange-traded product, and Cypherpunk previously invested about $50 million to buy 203,775 ZEC.
To be honest, “privacy has become scarce” is a compelling narrative. But product launches, celebrity endorsements, and corporate treasury purchases are still different from real on-chain payment demand.
⚠️ On September 8, Wang Chun, a co-founder of F2Pool, directly criticized Zcash, questioning its initial allocation, development funding, governance conflicts, and security history. In the first four years, 20% of block rewards were allocated to the Founders' Reward, and concerns also arose about the Orchard bug potentially enabling undetectable issuance of fake ZEC.
🤔 So the question is simple: is the market buying the real demand for privacy payments right now, or is it a story driven by institutional endorsement and short liquidations? Would you treat ZEC as a long-term asset, or are you only watching this wave of hype?
#Zcash #ZEC #隐私币 #Crypto market
🔥 Behind this surge in attention are investors such as Barry Silbert, the Winklevoss brothers, Multicoin, and Naval supporting privacy assets. Grayscale’s ZCSH was also upgraded on August 25 to an exchange-traded product, and Cypherpunk previously invested about $50 million to buy 203,775 ZEC.
To be honest, “privacy has become scarce” is a compelling narrative. But product launches, celebrity endorsements, and corporate treasury purchases are still different from real on-chain payment demand.
⚠️ On September 8, Wang Chun, a co-founder of F2Pool, directly criticized Zcash, questioning its initial allocation, development funding, governance conflicts, and security history. In the first four years, 20% of block rewards were allocated to the Founders' Reward, and concerns also arose about the Orchard bug potentially enabling undetectable issuance of fake ZEC.
🤔 So the question is simple: is the market buying the real demand for privacy payments right now, or is it a story driven by institutional endorsement and short liquidations? Would you treat ZEC as a long-term asset, or are you only watching this wave of hype?
#Zcash #ZEC #隐私币 #Crypto market
