The first principles argument is interesting, but there's a much simpler mechanical explanation sitting right next to it. Garrett Jin closed a $36 million ZEC short at a loss this week. another trader closed a $24 million short at a $10.68 million loss. those are forced buys, not conviction. Store of value narratives don't move a chart 32% in a week. short covering does. Mert might be right about what makes ZEC's long term thesis different from Monero's. that doesn't mean it's what's driving the momentum.