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Nasdaq-listed company Cypherpunk has made another move—this time investing $29 million to acquire a total of 56,418.09 ZEC tokens, with an average purchase price of $514.02. The company's total ZEC holdings now amount to 290,062.67 tokens, accounting for approximately 1.76% of the current circulating supply of ZEC.
Will McEvoy, CEO of Cypherpunk, stated that the company's goal is to continue increasing its allocation to ZEC. In terms of holdings, Cypherpunk has become a significant institutional player within the ZEC ecosystem. This kind of accumulation sends a clear signal to the crypto market—that Nasdaq-listed companies are optimistic about the long-term prospects of ZEC.
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Still pushing at the 514 price level, feeling confident?
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Wow, 2.9 million ZEC, are you serious?
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Nasdaq companies entering the market makes a difference; market sentiment immediately changes
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This wave of ZEC has some substance; institutions wouldn't act recklessly
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30 million casually invested, now that's true conviction
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Holding 1.76% of the circulating supply? This is market control, right?
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Big players only make moves when they’re serious; when they do, it’s a big move
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Still adding positions at the 514 cost, truly confident in the long term
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Institutions are bottom-fishing ZEC, retail investors, what are you hesitating for?
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This rhythm is paving the way for the subsequent rise
Major institutions are starting to scoop up the dip, ZEC should at least see a rebound...
Will McEvoy's move is either a confidence boost for ZEC or he's also trapped in a bad position.
2.9 million ZEC, this holding size is quite interesting. Let's see if it can be driven up later.
A NASDAQ-listed company is entering the market, it feels like the market attitude is gradually shifting, but the average price of 514 seems a bit high...
It's good that this wave can stabilize ZEC, but I'm worried it might just be another institutional trap to cut the leeks.
With such a big move from institutions, ordinary people are a bit conflicted about whether to follow or not.
Cypherpunk really treats ZEC as a treasure. If they are long-term optimistic, it should be able to rise.
Over 2.9 million coins, how long can ZEC's story go on?
Will entering now get you trapped? Let's see the subsequent K-line before making a decision.
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A cost of $514 is a bit harsh, but they probably have a long-term positive outlook.
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Honestly, when listed companies pile up their positions like this, it definitely sends some signals.
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With a 1.76% holding, there's quite a bit of room for imagination.
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It's the same old story: institutions hype the scenery, retail investors buy in... I'm used to it.
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Will McEvoy is still adding more. Do you really believe in ZEC?
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Spending 2.9 billion, either they truly believe or they have other motives.
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Is ZEC's ecosystem really that worth it? Let's see.
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As the holdings grow larger, subsequent actions will be crucial.
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Does institutional entry mean the bottom is in? Not necessarily...
It's the taste of institutional bottom-fishing, just listen and don't follow the trend.
ZEC has strong privacy features, but regulatory pressure is also real… Cypherpunk probably has the confidence to do this.
1.76% of the circulating supply is not small, and the influence of large holders is instantly amplified.
An average buy-in of 514, is this for long-term holding or waiting for the right moment? Seems like there's not much activity on the chain lately.
Will McEvoy says to keep adding to the position, even at this point? Is he really optimistic or just trapped and filling in? Haha
Nasdaq companies buying crypto, feeling like the market is approaching a critical point.
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The 29 million investment is no joke... feels like everyone is trying to bottom out.
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Buying so much at an average price of 514? Respect, brother.
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1.76% circulating supply, definitely a big player, impressive.
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Another NASDAQ-listed company. Will ZEC break out this time?
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Still hoping for a comeback for privacy coins? I’m skeptical.
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Holding 2.9 million coins, this is true institutional faith.
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This move was really aggressive, and they’re continuing to add positions...
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Can ZEC get popular this time?
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Institutional entry is different; retail investors are still hesitating.