ZEC pulled its old trick again: as soon as the price edged up to around $380, it was slammed back down in no time. Looking at the data, the 24-hour high was $380, and the low hit $308—a real rollercoaster ride.

Veterans in the space all know: ZEC is a coin that never sustains a pump. Every time it shows a glimmer of hope and pushes up to around $380, selling pressure pours in as if it were coordinated, and the price immediately reverses. Over time, everyone’s gotten wise—any uptick is a chance to cash out, no one wants to stick around.

You say it’s the leading privacy coin? Technologically unique? Sure, ZEC comes with privacy features, and it did have its glory days. Occasionally, there’s news about institutional interest or partnerships. But the market just doesn’t seem to care. Check the trading data: when the price ticks up and volume surges, it’s always followed by a bearish engulfing candle. Clearly, someone’s using the news to offload their bags, with no intention of letting the price truly break out.

Why doesn’t anyone want to play with it anymore? The answer’s simple: trust has collapsed. After repeated pumps that get immediately dumped, it’s obviously a setup, and retail investors aren’t fools. Even if the short-term EMA makes a golden cross, or there are rumors about a Grayscale ETF application, most people no longer believe it can create its own rally. It’s the classic “boy who cried wolf” story—cry wolf too many times, and nobody believes you anymore.

Right now, whether it’s the project team or big holders trying to support or pump the price, they just can’t attract any real interest. Every small pump is met with more people rushing to break even, creating a vicious cycle. You can’t call it a total shitcoin, because it still bounces occasionally; but if you say it’s going to rise, every high is just another chance to escape.

So don’t be fooled by short-term gains. ZEC’s problem isn’t technical or conceptual—it’s that confidence has evaporated. Spending time on this coin is less worthwhile than seeking out projects with real consensus and vitality. After all, in a bull market with so many opportunities, why waste energy on a coin that “can’t pump without being dumped”?

The legends remain, but the players have all changed. If ZEC wants to regain the market’s favor, shouting buy calls and painting grand visions won’t cut it anymore. Only when it can truly hold above $380 and move higher will it be time to talk about consensus again. Until then, cashing out on the pumps remains the most practical strategy for most. $ZEC ‌#广场发帖领$50