If decentralized allocation, with 365 days divided into 4 rounds freezing $NIGHT , what you get instead is the project's continued shrinkage and dump-selling. Then centralized <$ZEC > can at least be profitable—mainstream players are willing to approve the ETF, traditional capital is willing to enter, and buyers can profit from it. Compared to that, the cost of decentralization is too high.
Only today did I find out that Charles is the largest holder, $ADA . You could say that he bought a large amount of chips below 0.2! In early June 2026, he went live; when the market would not do very well in the second half, ADA started dropping 10% every day from 0.22, with the low starting at 0.13. Back then, he was happily buying. Although it hasn’t doubled by today, it has still increased by about 80%. But it was tough on those who sold at a loss.
Only today did I find out that Charles is the largest holder, $ADA . You could say that he bought a large amount of chips below 0.2! In early June 2026, he went live; when the market would not do very well in the second half, ADA started dropping 10% every day from 0.22, with the low starting at 0.13. Back then, he was happily buying. Although it hasn’t doubled by today, it has still increased by about 80%. But it was tough on those who sold at a loss.