According to the source, Winklevoss-backed Cypherpunk Technologies purchased another 56,418 ZEC for roughly $29 million. According to the source, this increases its total ZEC holdings to 290,062 coins, equal to about 1.8% of Zcash’s circulating supply. Based on the source’s figures, the implied average acquisition price is approximately $514 per ZEC, which traders can use as a reference for positioning and liquidity planning. According to the source, the reported accumulation concentrates a notable share of ZEC supply, so traders may monitor order book depth, exchange reserves, and borrow rates on ZEC pairs for potential liquidity shifts and volatility around this whale activity.

According to @CoinMarketCap, Nasdaq-listed Leap Therapeutics will rebrand to Cypherpunk Technologies and become a Zcash (ZEC) treasury company backed by the Winklevoss Twins, with a stated goal to acquire at least 5% of all ZEC, source: @CoinMarketCap. For traders, a corporate plan to accumulate a fixed share of supply can tighten exchange float and affect spot liquidity and derivatives metrics around ZEC as execution progresses, a setup directly tied to the accumulation plan reported by @CoinMarketCap, source: @CoinMarketCap.