The main buyers of ZEC right now are the Wall Street players influenced by Naval, with big funds treating it more as a portfolio allocation, essentially as insurance for Bitcoin. According to Lao Mao, it's about 1-5%, which means between 1000-5000. This idea doesn’t really matter to retail investors since they don’t know when it’ll drop, but for institutions, whether it’s 300, 500, or 800 doesn’t make much of a difference.