$ZEC at $308, do you dare to buy the dip?

The SEC just wrapped up its investigation. No fines, no enforcement actions—Grayscale’s privacy coin ETF is on the way. In the shielded pool, 31% of the circulating supply is locked, and hash rate has hit a new all-time high of 16.54 GS/s—so what about the price? In the past 24 hours, it’s down 7.4%, crashing from $333 to $308. RSI has been slashed straight from 85.73 to 45.48. Has this privacy coin been abandoned by the whales?

First, look at the surface: good news piled up like mountains, while the price gets smashed like trash.

In the past 24 hours, ZEC fell 7.4%, from $333 to $308. Trading volume expanded, the MACD histogram has stayed negative, and RSI dropped from overbought territory straight into oversold. Technicals are telling you: the bears are still pounding the market, and the retail crowd is still running.

First thing: SEC is gone, Grayscale is here.

The U.S. SEC’s investigation into the Zcash Foundation lasted two years and has finally concluded—no enforcement actions, no fines. That means, from a legal standpoint, ZEC is cleared of wrongdoing. Grayscale has already filed an application for a privacy coin spot ETF.

Second thing: miners aren’t dumb—hash rate hits a new high.

Total network hash rate surged to 16.54 GS/s, setting an all-time record. Mining ZEC is more profitable than mining other coins. What’s more, Foundry Digital—the world’s largest Bitcoin mining pool—officially launched a ZEC mining pool in April, and in its first month it captured nearly 30% of the total network hash rate.

Third thing: 31% of the circulating supply has been locked into the shielded pool.

Currently, of the ZEC circulating supply, 31% is locked in the privacy pool. When your assets are locked in the shielded pool, it means they’ve temporarily exited the circulating market—fewer sell orders, and supply-demand dynamics are quietly changing.

On one side: SEC endorsement, Grayscale’s application, hash rate hitting new highs, and shielded pools hitting new records.

On the other side: geopolitical panic, RSI halved, a 7% price plunge, and retail investors getting cut.

The key zone is $280–$300—this is the last line of defense for both bulls and bears.

If you’re a short-term trader: test the waters with a light position around $300–$310, targeting $330 and $380. If it breaks below $280, cut losses decisively.

If you’re a long-term player: build positions in batches now, with heavier weighting at $280–$290. The SEC’s bottom card is already on the table—Grayscale’s ETF is just a matter of time.

The current ZEC script is different from 2016 ZEC, and also different from 2021 ZEC—this time it’s regulatory clearance + real money from institutions + privacy demand + technological upgrades, a fourfold resonance. #山寨币强势反弹 $ZEC