šØ More than 150,000 people already hold Zcash INSIDE Solanaā¦ 4 months ago, it was 17,000 š
Looking at on-chain data, I found a quiet shift that few people are watching.
š”ļø Zcash is moving house
A record 103,000 ZEC have now been brought to Solana, worth around $124 million. The striking thing isnāt the amount, itās the people: the number of holders of this version has grown from around 17,000 to more than 152,000 in four monthsāalmost 9 times as many. Itās not just a few whales; itās everyday people looking to buy and sell quickly and cheaply.
ā” What it means for Solana
In September, nearly 8 out of every 10 dollars traded in ZEC on decentralized platforms went through Solana. Every coin that arrives brings users and fees to its network, and SOL is currently holding the $100 level.
š The price is already reacting
ZEC is up nearly 6% today, to around $1,298, making it the biggest gainer among the top 10. Keep in mind: the Solana version doesnāt have the original privacy features, so itās for trading, not hiding.
š Meanwhile, Bitcoin
BTC is hovering around $80,700, and tomorrow the Fed will decide on interest rates. One thing that concerns me: in 30 days, small investors nearly doubled the amount theyāre sending to Binance, to $10.8 billion, while large investors cut theirs to $3.8 billion. The big players are holding; the small investors are selling.
Would you hold ZEC on Solana, or do you prefer its original network with privacy? š
#Zcash #ZEC #Solana #Bitcoin #Fed
Looking at on-chain data, I found a quiet shift that few people are watching.
š”ļø Zcash is moving house
A record 103,000 ZEC have now been brought to Solana, worth around $124 million. The striking thing isnāt the amount, itās the people: the number of holders of this version has grown from around 17,000 to more than 152,000 in four monthsāalmost 9 times as many. Itās not just a few whales; itās everyday people looking to buy and sell quickly and cheaply.
ā” What it means for Solana
In September, nearly 8 out of every 10 dollars traded in ZEC on decentralized platforms went through Solana. Every coin that arrives brings users and fees to its network, and SOL is currently holding the $100 level.
š The price is already reacting
ZEC is up nearly 6% today, to around $1,298, making it the biggest gainer among the top 10. Keep in mind: the Solana version doesnāt have the original privacy features, so itās for trading, not hiding.
š Meanwhile, Bitcoin
BTC is hovering around $80,700, and tomorrow the Fed will decide on interest rates. One thing that concerns me: in 30 days, small investors nearly doubled the amount theyāre sending to Binance, to $10.8 billion, while large investors cut theirs to $3.8 billion. The big players are holding; the small investors are selling.
Would you hold ZEC on Solana, or do you prefer its original network with privacy? š
#Zcash #ZEC #Solana #Bitcoin #Fed
