Tragic news! ZEC, which Grayscale once bought aggressively, is now the main driver of a market crash. A few months ago, ZEC surged 700% thanks to massive inflows from Grayscale's ETF, briefly reaching $1500. Grayscale was then practically the largest player in ZEC, managing nearly $1 billion in assets. And now? Grayscale has completely reversed course. Net outflows exceeded $90 million in a single week, and assets under management plummeted to $750 million. $26 million was withdrawn in just one day. When Grayscale bought, ZEC was the star of the privacy narrative. When Grayscale sold, ZEC became a meat grinder for bulls. The price of ZEC has plummeted from its high to around $990, a drop of over 12% within a day. Looking at the candlestick chart, ZEC could potentially fall to around $700. The worst off are the leveraged longs who bought at the peak. Of the 32 ZEC long positions held by whales on Hyperliquid, all exceeding one million US dollars, 27 are deeply underwater, with the highest liquidation price at $894. In the crypto world, there are no eternal myths, only eternal profits.