Cypherpunk Denies Issuance of ZEC Ticker Token

Cypherpunk Technologies has denied any association with the ZEC ticker token traded on Robinhood Chain. The company stated that it only holds native Zcash (ZEC) and has never issued its own token. Cypherpunk explained on its official X account, "It is not ours," stating, "Cypherpunk has never issued a token." Controversy arose as unofficial tokens on Robinhood Chain could be confused with the company's digital asset holding strategy. Robinhood has advised that the official token status should be verified through the official contract address, emphasizing that if the contract address differs, it is not an official Robinhood stock token. As of August 11, Cypherpunk holds 323,394.38 ZEC, with an average purchase price of $341.83, representing approximately 1.92% of the total circulating supply of Zcash. The price of Zcash has recently shown high volatility, dropping from $1,227.11 on September 6 to $1,139.14 on September 7. The tokenized stock size on Robinhood Chain was reported to be $155,300,000 as of September 8, with the total chain TVL presented at $912,300,000. Cypherpunk has reaffirmed its distance from the token while confirming its holding of native ZEC.

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