Recently, I noticed a large-scale withdrawal of ZEC, and the logic behind it is actually quite interesting. On the surface, it seems to be about price expectations, but if you think about it carefully, there is also a judgment hidden here regarding the compliance prospects of privacy coins.

In recent years, the global regulatory attitude has been quietly changing. Take the European Union, for example; although the "Regulation on Markets in Crypto-assets" has set many restrictions on the use of Privacy Coins, if you examine the provisions closely, it actually leaves a gap for Compliance applications. On the American side, it's even more interesting, as some states are beginning to explore a regulatory framework for Privacy Coins, looking for pathways to apply them in legal scenarios. This changing signal is crucial—moving from a one-size-fits-all ban to conditional regulated use.

The ZEC team has also been busy communicating with regulatory authorities in various countries, trying to find compliance applications in areas such as finance and logistics. These efforts accumulate to form an expectation of possibility. Professional investors like whales are particularly sensitive to policy trends, and their large-scale operations often reflect their predictions about future prospects. This withdrawal may be based on an optimistic view of the progress of Privacy Coin compliance - believing that as the regulatory framework improves, the application scenarios for ZEC will increase, and the valuation space will open up accordingly.

This is somewhat enlightening for ordinary investors. Instead of fixating on daily fluctuations, it is better to follow the policy developments in the Privacy Coin sector, especially the compliance actions of ZEC. These long-term institutional variables are often what truly determine the value of a coin.