Just noticed Cypherpunk Technologies has been quietly stacking ZEC despite the pullback from last year's highs. They've been accumulating Zcash consistently, now holding around 1.76% of the network supply. CEO's conviction on privacy being undervalued is pretty interesting given how surveillance concerns keep growing. The cypherpunk thesis hasn't changed, even though we've seen some correction from December's rally. ZEC sitting at $238 now after hitting $527 a few months back. Privacy coins as a sector still outperformed most alts during the downturn though. Some analysts are watching key support zones and potential range structures, treating this as a longer-term accumulation phase rather than a short-term trade. Firms like Andreessen Horowitz have been vocal about privacy's tech advantages too. Makes you think whether this is just consolidation before the next move up.