Winklevoss Brothers Donate $1.2M ZEC to Shielded Labs to Support Zcash Network
Billionaire Brothers Tyler and Cameron Winklevoss, co-founders of Gemini trade, have donated 3,221 Zcash tokens (ZEC) to Shielded Labs, supporting the community’s initiatives. The contribution is valued at roughly $1.2 million at present market costs.
Shielded Labs, led by Zcash founder Zooko, announced Tuesday that the donation will straight help Shielded Labs’ core initiatives. This consists of strengthening long-term safety, sustainability, and scalability of the Zcash community.
Privacy is Crucial for Crypto: Winklevoss Twins
Cameron Winklevoss emphasised that privateness is the following frontier in crypto. It’s the purpose at which authorities and company overreach finish and your freedom and self-sovereignty start, he wrote on X.
“Shielded Labs is dedicated to constructing Zcash — unstoppable personal cash. That’s why Tyler and I are supporting their mission.”
Further, Tyler famous that the donation on the protocol stage would assist foster a wholesome Zcash ecosystem. “Shielded Labs performs an necessary function in that effort, and we’re glad to help their work.”
Winklevoss twins initially donated to Shielded Labs in 2023 to help the formation of the devoted Crosslink workforce.
“Their contribution meaningfully accelerates our potential to execute on vital protocol-level work and to collaborate overtly with different contributors to advance Zcash’s mission,” Swiss-based Shielded Labs famous.
Besides, Winklevoss-backed Cypherpunk bought 56,418 ZEC final month, holding practically 2% of the token’s circulating provide.
Zcash Token ZEC Trades in Red, What Next?
Zcash, in its flip, has been registering among the many most sturdy performances within the crypto market since September 2025. elevated practically 800% within the final 12 months.
However, the token is displaying bearish outlook for the reason that begin of this yr. ZEC has been buying and selling inside a narrowing triangle sample on the day by day chart. The worth has shaped a sequence of decrease highs and better lows, displaying a lack of momentum in each instructions.
At the time of reporting, ZEC trades close to $357.79, down 1.5% in 24 hours, extending a 14% weekly decline. Analysts warn {that a} shut under $360 might goal $300 subsequent – a 16% draw back threat from present costs.
That stated, Zcash Foundation recently cleared a years-long investigation by the US Securities and Exchange Commission with none enforcement motion. The transfer introduced regulatory readability to the trade’s most intently watched privateness initiatives.
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