Why does ZEC pump while XMR does not, both being extreme privacy coins?

Author: 0xTodd

This reminds me of when I first entered the Crypto space 9 years ago, caught up in an obsession with the technology itself.

Such as Dash relying on mixing, Monero on ring signatures, ZCash on zero-knowledge proofs, and so on.

Debating which privacy mechanism is more thorough, how hidden addresses correspond to transparent addresses, and how much entropy is increased.

Looking back at myself back then, I was focused on "clear stupidity" 🤦.

Ultimately, whether it goes up or down, technology accounts for at most 10%, while non-technical reasons account for 90%.

Let me ask:

Why does ZEC pump while XMR does not, both being extreme privacy coins?

It's simple, because XMR has been delisted by Binance and Coinbase.

The market makers are not doing charity; if a coin is not listed on the exchange, who are they going to sell it to when it pumps?

Then why, both being listed on the exchange, does ZEC pump while DASH does not?

Because the universe's fund DCG holds ZEC, but it does not hold DASH.

(ZEC is one of the top holdings of Grayscale, as shown in the data)

So why did the universe exchange delist XMR?

This is probably the only reason somewhat related to technology.

XMR enforces privacy, while ZEC allows both transparent and private accounts.

And just look, CB and BN can only withdraw coins to transparent addresses; they don't play with hidden addresses. To avoid trouble, exchanges decided to delist XMR.

Also, to be honest...

Those involved in illegal industries mainly deal with Tron USDT and BTC, not caring about any kind of privacy.

Those concerned with privacy are typically hackers, but General Jin's troops prefer to use mixing tools like Tornado Cash 🌪️ rather than these privacy coins.

The reason is simple: big money can only be stolen on EVM chains; privacy chains have nothing but privacy, allowing General Jin just a mere theft.

Of course, I'm just voicing my complaints.

Given time, if XMR and DASH pump again

it won't prove that ring signatures or mixing mechanisms have defeated zero-knowledge proofs.

It can only prove that a new market maker has beaten the old one.