Author: Biteye
At the same time holding a large amount of $ZEC spot and short positions, "10.11 Insider Whale" Garrett Jin @GarrettBullish has cut a floating loss of $30 million in $ZEC shorts in one go! Is this a strong bullish signal for the future of $ZEC? 🤯
Indeed, $ZEC has violently surged nearly a hundred times from the bottom, with an ATH approaching $1,600, making it a star token in this round of price increase, while also triggering FOMO in the market for privacy segments. Vitalik @VitalikButerin
also stated in a recent interview: "I will not give up on privacy."
Therefore, I have summarized the capital rotation paths of privacy segments and related benefiting tokens for everyone! 👇
🚀 1. Quick Overview of the Core Four Steps in Privacy Segment Capital Rotation
1⃣ First buy tradable privacy assets ($ZEC)
2⃣ Then buy routers that make privacy the default experience ($NEAR)
3⃣ Next buy infrastructure capable of encrypted computing on public chains ($ZAMA)
4⃣ Finally, it's time for application plugins and old coins Beta ($RAIL / $ZEN / $DASH)
💡2. Sharp Review of Beneficial Tokens from "Build" to "Pull"
👑【Build】 $ZEC & $NEAR — Pricing Core and Traffic Entry
$ZEC
(Zcash) | Top choice for large funds in this round, the king of compliant privacy coins
Core Data: Current Price $1,508.87 | 7d +42.20% | Fully Circulating Market Cap (FDV) ~$25.55 billion
💡 Core Highlights:
👉Compliance Audit Compatibility: Supports View Key, meeting regulatory anti-money laundering requirements, and has grayscale trust channels, making it the only compliant channel for large funds to allocate in privacy narratives.
👉Clear Chip Structure: Circulation rate approaches 100%, no early VC large unlock selling pressure, and little resistance to secondary market buying.
👉Strong Capital Bearing Capacity: Market cap and liquidity rank among the top in the privacy sector, effectively accommodating billions of dollars in inflow and outflow.
$NEAR
(NEAR Protocol) | Chain abstract router adaptable to ZEC
Core Data: Current Price $4.19 | 7d +81.20% | Fully Circulating Market Cap (FDV) ~$5.47 billion
💡 Core Highlights:
👉Seamless Privacy Experience: Through Chain Abstraction and multi-chain signatures, desensitized interactions are embedded as underlying routing, allowing users to operate on Ethereum and Solana without switching proprietary wallets, directly capturing cross-chain interaction traffic.
👉Both Fundamentals and Liquidity: As public chain infrastructure, it enjoys triple narratives of AI, chain abstraction, and privacy, absorbing a large amount of capital with a 7-day price increase of 81.20%.
👉"Futures Airdrop" gameplay ignites market (NEAR@3.33): NEAR's NEAR@3.33 (mailto:NEAR@3.33) first let the airdrop TVL reach $70 million, triggering the first snapshot; eligibility requires that the NEAR privacy account retains more than $100 and has made at least one privacy exchange. The tokens are locked first, waiting for NEAR's three-day VWAP to stand above $3.33 before becoming circulating NEAR; currently, NEAR's price has far exceeded 3.3.
🥈【One Above All】 $ZAMA / $RAIL — Hardcore Infrastructure and Pureblood Plugins, High Elasticity Targets
$ZAMA
(Zama) | Public Chain Full Homomorphic Encryption (FHE) Computing Infrastructure
Core Data: Current Price $0.0862 | 7d +83.20% | Circulating Market Cap ~$213 million | Fully Circulating Market Cap (FDV) ~$973 million
💡 Core Highlights:
👉Cipher Computing Generational Upgrade: Dominantly developing fhEVM, breaking through the limitation of ZK only being able to "verify," addressing MEV resistance and confidential DeFi pain points.
👉First-Mover Advantage in the Track: Leading project in the FHE sector with high technical barriers and broad narrative space.
👉High Elasticity and Odds: Circulation is about 21.8%, with a small market cap, showing high elasticity in the main upward wave (7 days +83.20%); however, attention should be paid to the unlocking pace of tokens in the later period.
$RAIL
(Railgun) | EVM Native Smart Contract Privacy Plugin
Core Data: Current Price $3.04 | 7d +52.20% | Fully Circulating Market Cap (FDV) ~$182 million
💡 Core Highlights:
👉EVM Native Without Cross-Chain: Directly deployed in Ethereum Mainnet and major L2s in contract form, users can complete zero-knowledge private transfers without bearing cross-chain bridge risks, which Vitalik has publicly used and recommended multiple times.
👉100% Fully Circulating Without Selling Pressure: Market cap is only about $180 million, with a light chip structure, making it an excellent application layer Beta during the capital outflow stage.
⚖️【NPC】 $XMR — Top-Level Anonymity but Severely Limited Liquidity
$XMR
(Monero) | Fundamental Anonymous Currency, Struggling with Compliance Reviews
Core Data: Current Price $571.95 | 7d +9.20% | Fully Circulating Market Cap (FDV) ~$10.75 billion
💡 Core Pain Points and Current Situation:
👉Strong Anonymity Mechanism but Non-Compliant: The entire network enforces strong anonymity and hidden addresses, with top-notch censorship resistance; however, due to non-compliance with FATF travel rules, it has been delisted by the vast majority of mainstream CEXs worldwide.
👉Severely Discounted Liquidity: Inflows and outflows are obstructed by DEX and OTC off-market, preventing institutional funds from entering on a large scale, leading to only a 9.20% increase in seven days despite a surge in the entire sector, lacking price elasticity in the secondary market.
🪨【After Pulling】 $ZEN / $DASH — Mechanisms Desensitized and Technical Disconnection of Old Coins
$ZEN (Horizen) | An Old Coin That Transformed by Shedding Privacy Pools
Core Data: Current Price $7.70 | 7d +23.90% | Circulating Market Cap ~$141 million | Fully Circulating Market Cap (FDV) ~$162 million
💡 Core Pain Points and Current Situation:
👉Native Privacy Functionality Removed: Previously to avoid the risk of being delisted from exchanges, the official has proactively abandoned Shielded Pools, essentially transforming into a general modular EVM chain, lacking native privacy competitiveness.
👉Purely Emotion Driven: The circulation rate is 87.3%, and the recent price increase is mainly driven by low market value rebound and sector memory, lacking independent fundamental support.
$DASH
(Dash) | Payments Token with Outdated Architecture
Core Data: Current Price $56.60 | 7d +6.00% | Circulating Market Cap ~$726 million | Fully Circulating Market Cap (FDV) ~$726 million
💡 Core Pain Points and Current Situation:
👉Outdated Mixing Mechanism: Still uses a CoinJoin scheme based on master nodes, lacking cryptographic technical advantages compared to modern ZK and FHE, easily traceable by on-chain analysis, and facing pressure from CEX reviews.
👉Funds Attention at the Bottom: Only a minor increase of 6.00% in seven days, severely lagging amidst the explosive growth of the entire sector, with low capital recognition, making it a typical marginalized old coin.
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