NU6.3 moving 3.66M ZEC through the turnstile doesn’t mean it’s all getting dumped. We might see a minor dip, though. Most of this is simply pool-to-pool migration (Orchard ➡️ Ironwood). Unless holders actually move their ZEC to exchanges, it doesn’t automatically become sell side liquidity. Short term, some friction is possible as dormant holders wake up and rebalance or unshield. Watch CEX inflows. Long term, the turnstile gives Zcash a trustless way to verify the amount leaving Orchard and strengthens confidence in the network’s supply integrity. That’s a strong positive for $ZEC.
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