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There are claims that the rise of ZEC is related to whales laundering through Zcash. Although this cannot be directly confirmed, the data from the Zcash blockchain does show a significant increase in demand for privacy.



The most critical data is that the ZEC in the Zcash Shielded Pool has exceeded 5 million ZEC, accounting for over 30% of the total supply. The growth of the Shielded Pool has significantly accelerated since the second half of 2024, with a vertical growth observed in October this year, increasing approximately 30% from 3.88 million ZEC on October 1 to over 5 million ZEC currently.

The daily transfer volume of ZEC transactions on the Zcash blockchain has a certain correlation with the timing of the token price launch. After the end of September, there are generally over a million ZEC transferred daily on the Zcash blockchain, with some days reaching over 4 to 6 million ZEC, whereas before that, the daily average was less than 500,000 ZEC transferred.
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