12,226 $ZEC will become immovable around 10:30 tomorrow morning.
The NU7 upgrade activates at block 3543405, invalidating legacy v4 transactions. Coins in Sprout, the earliest pool, can no longer be transferred—even with the private key. There were still 12,226 coins in the pool this morning, worth around $16 million at roughly $1,300 each.
My first reaction was that this upgrade is pretty harsh. Reducing block times from 75 seconds to 25 seconds is a good thing, but the coins in the old pool are truly locked up. I have no idea how many people didn’t manage to move theirs in time.
ZEC is currently around $1,300. It was at $1,319 earlier today, but has already pulled back a little.
#ZEC #Market Analysis
The NU7 upgrade activates at block 3543405, invalidating legacy v4 transactions. Coins in Sprout, the earliest pool, can no longer be transferred—even with the private key. There were still 12,226 coins in the pool this morning, worth around $16 million at roughly $1,300 each.
My first reaction was that this upgrade is pretty harsh. Reducing block times from 75 seconds to 25 seconds is a good thing, but the coins in the old pool are truly locked up. I have no idea how many people didn’t manage to move theirs in time.
ZEC is currently around $1,300. It was at $1,319 earlier today, but has already pulled back a little.
#ZEC #Market Analysis