👀 $ZEN : Privacy Infrastructure Is Coming to Base — Who Is Positioning Early?

Horizen is rolling out its ecosystem on Base with the first wave of privacy-focused apps and a 1M ZEN builder fund. The narrative is shifting from legacy privacy coin to infrastructure for private DeFi.

But the real question: How much ZEN is already locked up before the ecosystem activity actually starts

📊 Out of 17.9M circulating supply:

- 11.35M sits on exchanges

⇒ Effective net circulating supply: ~6.55M

🤔On-chain flow:

1/ Since Feb 26, exchange net outflows = 1.65M $ZEN (13M → 11.35M).

2/ At the same time, 4 fresh wallets accumulated 1.44M ZEN through Coinbase around $5.6.

3/ Current Big Player Balance = 1.44M ZEN (~13% of exchange supply & ~22% of net circulating supply).

Price is now hovering near their original accumulation zone.

🧠 Why This Matters

- Less coins on exchanges = less sell pressure.

- Supply is shrinking. Price hasn’t reacted yet. That’s usually where expansion starts.

🔎Wallet Address

0xbe95d21f4676da242eb05b9bc23873f8787ebd2b

0xed9759210708e512ff708f08d2663db5af69cf2a

0xdb5442c0eafc8901ebdbb7b8f6123cabf1ef049f

0xc9c329fd0d945e60b63c46028f553ca6796525c6

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