$ZETA holders voted 99.4% to shut down ZetaChain's own Layer 1 and move the token to Solana. The price only reacted a day after the vote closed.
The vote: Proposal 68 closed on September 20 with 58% participation, above a 40% quorum. ZETA would become a Solana SPL token through a 1:1 conversion, with the same ticker and the same total supply. The team says its focus moves to Anuma, its private AI app.
The price: for the 30 days before the vote, ZETA traded between 0.0308 and 0.0402. On September 20, the day the vote closed, it finished flat at 0.0399. Today it opened there, spiked to 0.0705 and now trades near 0.0638, up about 68% in 24 hours.
The volume: 145M USD traded in 24 hours against a 102M USD market cap. Roughly 70% of it came from Korean won pairs.
Context: ZETA is still 97.8% below its all time high of 2.85 from February 2024. Circulating supply is 1.61B out of 2.1B.
The second governance vote, which sets the actual migration terms, is still to come.
Follow me for daily market breakdowns.
#zeta #zetachain #crypto #altcoin #defi
The vote: Proposal 68 closed on September 20 with 58% participation, above a 40% quorum. ZETA would become a Solana SPL token through a 1:1 conversion, with the same ticker and the same total supply. The team says its focus moves to Anuma, its private AI app.
The price: for the 30 days before the vote, ZETA traded between 0.0308 and 0.0402. On September 20, the day the vote closed, it finished flat at 0.0399. Today it opened there, spiked to 0.0705 and now trades near 0.0638, up about 68% in 24 hours.
The volume: 145M USD traded in 24 hours against a 102M USD market cap. Roughly 70% of it came from Korean won pairs.
Context: ZETA is still 97.8% below its all time high of 2.85 from February 2024. Circulating supply is 1.61B out of 2.1B.
The second governance vote, which sets the actual migration terms, is still to come.
Follow me for daily market breakdowns.
#zeta #zetachain #crypto #altcoin #defi