Zcash's Savior or Just Another Crypto Hype Train?
Alright, let's get this straight. Leap Therapeutics – Leap Therapeutics? – is rebranding itself as "Cypherpunk Technologies Inc." And they're buying up Zcash (ZEC) like it's going out of style. Which, considering the EU's breathing down privacy coins' necks, it might be. Leap Therapeutics Rebrands as Cypherpunk; Expands Leadership Team to Drive New Zcash Treasury Strategy - PR Newswire
So, this company, Cypherpunk Tech, drops $50 mil on ZEC, spearheaded by Winklevoss Capital. Winklevoss Capital, of course, being the investment firm run by the Winklevoss twins. The same Winklevoss twins who got screwed over by Zuckerberg back in the day. Are they trying to one-up Zuck by cornering the market on privacy now? It's almost poetic, isn't it?
Tyler Winklevoss thinks Zcash could become a "meaningful percentage" of Bitcoin's market cap. Okay, sure. But isn't that what they always say about the next big thing? Remember when everyone was screaming about Ethereum killers? How'd that work out?
And they wanna snag 5% of the total Zcash supply. That's... ambitious. Delusional? Maybe a little of both. Winklevoss twins bet on Zcash with new treasury firm targeting 5% supply of the privacy coin’s supply - dlnews.com
Here's the elephant in the room: privacy coins are under attack. The EU wants to ban them. Tornado Cash got hammered. Samourai Wallet's co-founder is doing five years. It's not exactly a great time to be waving the privacy flag, is it?
But hey, maybe that's the point. Maybe these guys are betting that because everyone's cracking down, the demand for privacy will only increase. It's the whole "forbidden fruit" thing. Humans always want what they can't have.
Then again, maybe I'm giving them too much credit. Maybe they just saw the price of Zcash jump 1,000% and thought, "Hey, let's get in on this." You know, FOMO is a powerful drug.
Zooko Wilcox, the creator of Zcash, is "proud" that Zcash is attracting these big names. Of course he is. What else is he gonna say? "Oh crap, the Winklevoss twins are buying up all the ZEC; we're doomed!" Give me a break.
Arthur Hayes advises investors to self-custody their ZEC coins. That's sound advice for any crypto, frankly. Don't trust exchanges. Not your keys, not your coins, and all that jazz.
Khing Oei is the new Chairman of the Board. Founder and CEO of some euro-denominated Bitcoin treasury firm. Okay... CIO of Eyck Capital. Whatever that is. Is he some kind of financial genius? Or just another crypto bro who got lucky? I honestly can't tell anymore.
And Will McEvoy, a Principal at Winklevoss Capital, is now the Chief Investment Officer of Cypherpunk Tech. Shocking.
Christopher Mirabelli is stepping down as Chairman but staying on the board. Translation: he's being quietly pushed aside.
Cypherpunk Tech held a Special Meeting of Stockholders on December 15, 2025, and completed a $58.88 million private placement. Winklevoss Capital led the charge. This whole thing feels like a highly orchestrated pump-and-dump scheme waiting to happen. Not saying it is, just saying it feels like one.
Carter Razink believes Zcash is one of the few remaining "1,000x opportunities" in crypto. Seriously? I'm pretty sure I heard the same thing about Shiba Inu last year.
Look, I get it. Zcash has some cool tech. Zero-knowledge proofs, Halo 2, all that jazz. But at the end of the day, it's still a privacy coin in a world that's increasingly hostile to privacy. The legal noose is tightening on anyone offering crypto privacy tools. We saw what happened to Tornado Cash and Samourai Wallet. So, this rebrand and ZEC buying spree? It feels less like a brilliant move and more like a desperate attempt to stay relevant. And honestly...
It's all just a bunch of rich guys playing with their digital Monopoly money. And we're supposed to believe they're doing it for the good of privacy? Please.
