$ZETA is changing more than its address. ZetaHub’s approved migration proposal moves native ZETA to Solana at a 1:1 ratio and ends the old L1 at the snapshot, expected around December 9. Liquid balances, delegated tokens, unbonding balances and unclaimed staking rewards are included.
That preserves the token count, but it changes the investment case: holders lose the old chain’s staking role and need to assess the product that replaces it. A migration alone does not create demand.
The useful checkpoints are the published security review, the snapshot export and checksum, and reconciliation of the Solana mint against that snapshot. I would judge execution by those verifiable steps, then by actual product usage. A clean conversion is necessary; sustainable demand is a separate test.
That preserves the token count, but it changes the investment case: holders lose the old chain’s staking role and need to assess the product that replaces it. A migration alone does not create demand.
The useful checkpoints are the published security review, the snapshot export and checksum, and reconciliation of the Solana mint against that snapshot. I would judge execution by those verifiable steps, then by actual product usage. A clean conversion is necessary; sustainable demand is a separate test.