both of these can be true at the same time
1) whether the $ZEC fud is true or not doesn't really matter. it already went up a lot, and people are just using it as a justification for the pullback.
2) the average crypto guy is dumb enough to believe the $ZEC fud. their average intelligence is roughly on par with Nigerians trading pumpfun memes on phantom in 2024
I can confirm that 99.9% of alts showing this chart pattern
low float + initial hype -> going to zero due to huge emission + decaying hype
literally crypto 101
Crypto isn’t dumping because quantum risk
Its dumping because the tokens we send to tens of billions in valuation ended up delivering absolutely 0 value while in AI those funds are used much better
It’s our fault and have to do better, we need path to profitability instead of pretending governance tokens are any good