It seems many people have been misled these past few days.
Initially, I also thought
@zinc_cash was going to privatize, but after reviewing the proposal, it seems that's not the case.
What I see now is more like MetaDAO wanting to acquire the remaining ZFKG shares to further concentrate control, rather than Zinc suddenly deciding to sell the project.
Many people on X are saying it was Zinc that proposed it, but after reviewing the proposal, it seems like MetaDAO is shifting the blame more.
The real issue isn't who proposed it, but why are people suddenly in such a hurry?
The answer is quite simple.
Because Zinc is incredibly profitable.
The daily revenue generated by the protocol has reached an outrageous level, and many are starting to compare it to Pump.
If a protocol can consistently generate revenue every day and has a reserve of revenue, then capital will definitely be interested.
No one will fight over a project that doesn't generate revenue.
Therefore, the discussion now isn't about whether Zinc has value, but about who wants the right to its future cash flow.
Conversely, this is actually Zinc's greatest strength.
While most projects in this market are still telling stories and drawing roadmaps, Zinc has already begun to generate significant profits, leading to equity battles.
There's another point many haven't noticed.
Currently, there's considerable opposition from the community, and whether the proposal will ultimately pass is uncertain.
But the market has already started trading sentiment based on the expectation of a successful privatization.
This is also the biggest problem with FUD (Fear, Uncertainty, and Uncertainty) lately.
Many people haven't even read the proposal before spreading it.
I've always believed that a truly good protocol isn't one where no one questions it when it's rising, but one where people start scrambling to acquire it after it becomes profitable.
If Zinc were truly garbage, no one would have invested so much effort in figuring