📅
$ZEN Supply Shock in Play
🔹 Circulating Supply: 17.9M
🔹 On Exchanges: 11.35M
🔹 Net Liquid Supply: 6.55M
Since Feb 26:
• 1.65M $ZEN withdrawn from exchanges (13M → 11.35M)
• 4 top EOAs accumulated 1.44M $ZEN via Coinbase at ~$5.6
That’s:
• ~13% of exchange supply
• ~22% of net circulating supply
🔎 Takeaway:
Liquidity is tightening. Supply is concentrating off-exchange.
When float shrinks, volatility expands.