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Mhizeffizy
Grayscale ZCSH experienced its worst week since listing.
A net outflow of $93.56 million in a single week. Assets under management shrank from the September peak of $979 million down to $751 million.
The more critical issue is:
ZCSH once held nearly 3.5% of the total supply of $ZEC. When this formerly largest marginal buyer starts continuous redemptions, it ceases to be support — it becomes selling pressure itself.
Every redemption order ultimately turns into a sell order on the spot market.
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