The Zcash Foundation board announced the appointment of David Campbell as executive director, the clearest recent development related to ZEC so far.
But based on the information available, it is not yet possible to determine whether the personnel change will affect market expectations. The announcement confirmed the appointment but did not outline any plans for what comes next. Earlier market news dated October 20 showed that ZEC was down 2.10% over 24 hours at the time; this old data cannot represent the market’s reaction after the appointment was announced.
Some have also claimed that ZEC short positions worth “9.7 million” were liquidated, but the claim does not specify the currency and lacks verifiable methodology, so it cannot yet be treated as evidence of a shift in capital flows. The next things to watch are whether the Foundation announces specific plans and whether the liquidation data can be independently verified. Is a change of executive director something the market should price in?
But based on the information available, it is not yet possible to determine whether the personnel change will affect market expectations. The announcement confirmed the appointment but did not outline any plans for what comes next. Earlier market news dated October 20 showed that ZEC was down 2.10% over 24 hours at the time; this old data cannot represent the market’s reaction after the appointment was announced.
Some have also claimed that ZEC short positions worth “9.7 million” were liquidated, but the claim does not specify the currency and lacks verifiable methodology, so it cannot yet be treated as evidence of a shift in capital flows. The next things to watch are whether the Foundation announces specific plans and whether the liquidation data can be independently verified. Is a change of executive director something the market should price in?