$ZEN 2.6 billion market value is insignificant compared to Grayscale's total assets under management. Just raising a little from each existing Grayscale client would amount to several billion dollars. I believe all measures are premeditated; Grayscale dares to open the Zen private placement to clients not only because they have conducted sufficient research but also because the upper management must have enough leverage in hand. They wouldn't make a bunch of arrangements just to profit from a small amount of fees.
In the past two years, privacy chains have been made to suffer greatly by the Americans, and now only a few can be named, while Zen's main privacy public chain has turned into a game public chain with privacy features, which fundamentally hasn't changed.
When the Telegram founder was captured, a lot of big names spoke out in support of privacy, including Musk, of course. Now that the public is here, privacy chains will definitely be taken seriously. I think Grayscale is positioning itself in advance.
The craze for on-chain meme coins has subsided quite a bit; it is estimated that it will be difficult to rise again without a period of sideways trading.
In short, the strong will remain strong, and Zen is very likely to be the leader of the VC altcoin counterattack.
