If you're still treating every large $ZEC on-chain number as one wallet dumping $23B, stop now.
Traders lose money constantly from FOMO buying or panic selling based on these headlines that don't reflect reality.
That's many transfers added up, coins sent around the Zcash chain, not one wallet moving $23B. The debate is whether this hides massive exits that could hit $BTC prices or if it's just typical mixing activity on privacy coins. I argue it's the latter because $ZEC and similar assets like $XMR routinely show high internal volume without corresponding price crashes.
This isn't a red flag. It's how the chain works.
Anyone else seeing this as overblown?
#Zcash #PrivacyCoins #OnChain
Traders lose money constantly from FOMO buying or panic selling based on these headlines that don't reflect reality.
That's many transfers added up, coins sent around the Zcash chain, not one wallet moving $23B. The debate is whether this hides massive exits that could hit $BTC prices or if it's just typical mixing activity on privacy coins. I argue it's the latter because $ZEC and similar assets like $XMR routinely show high internal volume without corresponding price crashes.
This isn't a red flag. It's how the chain works.
Anyone else seeing this as overblown?
#Zcash #PrivacyCoins #OnChain
