New player in the Zcash ecosystem: After raising $58.88 million, they aim to become advocates for privacy technology

2025-12-19 12:20:12

【Crypto World】New developments in the privacy technology sector. Cypherpunk Technologies officially announced the appointment of Electric Coin Company CEO Josh Swihart as a strategic advisor, who will focus on strategic guidance for the Zcash ecosystem and privacy technology in the future.

This move is quite strategic—after recently completing a brand upgrade, Cypherpunk has just secured a private placement of 58.88 million USD, led by Winklevoss Capital. More importantly, they have accumulated approximately 233,645 ZEC, accounting for 1.43% of the total supply. From the scale of the financing to the token allocation, all point in the same direction: a deep bet on the privacy track.

ZEC-1,35%

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DegenRecoveryGroup

· 2025-12-21 21:23

Wow, Josh Swihart is personally involved? The scale of this financing is just crazy. --- The privacy track has suddenly become so competitive, even the Winklevoss twins are getting involved... --- 233,645 ZEC? This Coin Hoarding stance is indeed quite fierce. --- Finally, someone is investing in the Zcash ecosystem; it was looking too cold before. --- Is this a direct confrontation with Monero, or is there a different strategy? --- With over 50 million in financing, it feels like the Privacy Coin market is about to gain momentum. --- Is Josh optimistic about Zcash or is he paving the way for the Electric Coin Company? --- Brand upgrades, financing, and consulting; this configuration is quite impressive. --- Privacy technology is finally making its mark; I’ve been saying for a long time that this stuff would catch on.

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SeasonedInvestor

· 2025-12-19 12:41

Josh coming on as an advisor definitely has some influence. Is this move to hype up the privacy track?

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BearMarketNoodler

· 2025-12-19 12:37

Raising funds is just raising funds. Why bother with so many superficial consultants? The privacy track should return to focusing on the technology itself.

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