Institutional Giants Enter the Arena
In a move that has sent shockwaves through the crypto world, the Winklevoss twins, founders of Gemini exchange, have announced the launch of a new treasury firm dedicated to Zcash (ZEC).
The 5% Accumulation Plan
Reports indicate that their new firm plans to accumulate approximately 5% of the entire Zcash supply. This is a massive vote of confidence in the future of privacy coins and specifically Zcash's technology.
Why This Matters
- Supply Shock: With 5% of the supply being locked away by long-term holders, the available liquid supply on exchanges will decrease significantly.
- Institutional Validation: The Winklevoss twins are respected institutional players. Their entry signals to other funds that Zcash is a legitimate and necessary asset class.
- Price Impact: Historically, when major entities announce large accumulation plans, it creates strong upward pressure on price due to the reduced supply.
This move suggests that smart money is positioning itself for a privacy-centric future, with Zcash leading the charge.
Source: Based on reports from Gemini Official Announcements and industry coverage.