380K ZEC was deshielded. Here's where it actually went.
Only half of the 380K ZEC that was deshielded actually moved. 45% is still sitting at transparent addresses, untouched.
Only 21% of the deshielded ZEC actually left Zcash (bridged). That's 82K ZEC, 1.6% of the shielded pool, 0.5% of total supply.
47K went to exchanges. That's the total sell pressure from Orchard holders. 0.28% of supply. On a $6.7B cap.
Meanwhile, ~118K ZEC was shielded during the same period. Even at peak FUD, people were buying and shielding.
What this says?
- Holders parked. They didn't panic.
- The selling was traders who were already on exchanges.
- Security is hardened and will be even more so.
- Price went from $300 to $402. If you bought the dip, you know.
Future is bright.