#数字资产市场动态 Privacy coins are going crazy this round — ZEC has surged 800% in a month. But behind the carnival under the spotlight, there are some things you need to see through.

The driving force behind this sharp increase is clear: half is new narratives, half is market anxiety. Regulatory movements, capital risk aversion needs, plus genuine technical upgrades supporting on-chain activity growth... all these things together are like giving a shot of adrenaline to speculative sentiment.

But there's an old industry truth: privacy coins are the most convenient tool for smart money to unload. Their high volatility and natural concealment narrative are brought out to dance every bull market.

You actually understand deep down that this is a game of hot potato — the problem is, everyone bets they won’t be the one hit.

Watching the K-line flicker and hearing the screams in the group chat, I chose silence instead. Because in this market, the most dangerous secret isn’t your holdings, but that restless heart that always wants to chase gains and cut losses, unable to hold back.

The excitement is real, but your principal and rationality? Those must be tightly held in your own hands. True risk often hides in human nature, not in price fluctuations.