#美联储恢复降息进程 surged 24% in a single day, this pump is a bit intense.

Recently, a document from the US CFTC leaked, and the market's attitude towards privacy coins suddenly made a 180-degree turn. As soon as this news broke, ZEN skyrocketed. To be honest, this kind of policy shift is often more severe than technical changes.

There are also substantial aspects on the technical level. The upgrade of zk-SNARKs 3.0 combined with the integration plan of Filecoin has seen institutional funds of 150 million USD genuinely entering the market, not just paper numbers. More importantly, the circulation of ZEN on major platforms has plummeted by 28.5%—the chips have been locked up, which is a typical signal of market control.

The migration of Base Network has been completed, and on-chain data shows that the holdings of giant whale addresses have recently surged by 20%. The privacy DeFi sector has been accumulating energy, and it now seems that the energy that has been held back for a long time is about to be released.

Looking back at the 60-day trend, a 170% increase is just the prelude. At the current position, it is either the starting point of a new main uptrend or a temporary top — but based on the holding structure and capital flow, the former is more likely.

The privacy coin sector may be reshuffled in 2025. Whether ZEN can take advantage of this wave of benefits will be crucial in the next two weeks. You can figure it out yourself.