Zcash faces technical pressure amid institutional accumulation – here's the latest: • ZEC price fell 13% weekly, retesting critical $310 support (15 May 2024) • Cypherpunk Technologies purchased $29M in ZEC, increasing holdings to 290k coins • Derivatives data shows $16M in leveraged shorts targeting breakdowns below $310 • Zcash Foundation outlined 2026 strategy including Zebra node and FROST protocol • New ZecGift service launched to boost retail adoption via private, non-custodial gifts
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