A major move targeting privacy coins is underway.

Tyler Winklevoss recently revealed that their newly launched Cypherpunk fund has acquired 233,644 ZEC—a solid $100 million in real money behind that number. More importantly, this is just the beginning.

Their goal? To lock in 5% of Zcash’s circulating supply. It may not sound like much, but such a level of concentrated holdings can directly reshape the market’s supply and demand dynamics. When a large amount of ZEC is held long-term, the amount of coins available for trading in circulation drops, naturally driving up scarcity.

This isn’t simply buying the dip—it’s more like a long-term bet on the privacy coin sector. Zcash, as a veteran in the privacy coin space, has always had strong technical fundamentals, but its market cap performance has remained lukewarm. Now, with capital willing to spend real money to tighten supply, will this move become a turning point for ZEC’s price? The market is watching.