ZEC Accumulation Intensifies As Lighter Faces $250M Flight Post-Token Launch

• Cypherpunk targets 5% of ZEC supply after $29M purchase.
• Lighter sees $250M withdrawals following LIT token launch.
• LIT token dropped 32% initially despite $625M airdrop.

Cypherpunk Technologies (Nasdaq: CYPH) purchased 56,418.09 ZEC for approximately $29 million, increasing its total Zcash holdings to 290,062.67 coins according to the report. This represents 1.76% of ZEC's circulating supply as the company aims to control 5% of the network. Meanwhile, decentralized exchange Lighter faces significant headwinds after launching its LIT token, with $250 million exiting its platform within one day.

Why Is Cypherpunk Accelerating Its ZEC Accumulation?

Cypherpunk acquired ZEC at an average price of $514.02 per token according to reports. The investment brings their total position near 300,000 coins as part of a deliberate strategy targeting 5% network ownership. Chief Investment Officer Will McEvoy emphasized Zcash's societal importance for privacy preservation according to the report. Their accumulation highlights institutional positioning for long-term privacy technology adoption according to analysis.

This purchase reinforces Cypherpunk's treasury diversification into crypto assets according to market analysis. The company holds approximately $97 million worth of ZEC based on current valuations according to financial data. Their roadmap includes continued accumulation alongside participation in Zcash ecosystem development according to official statements. Market observers note such concentrated holdings could impact ZEC liquidity dynamics.

What Challenges Does Lighter Face After LIT Token Launch?

Lighter experienced $250 million in withdrawals after distributing its LIT token. Approximately $202 million exited through Ethereum and $52 million via Arbitrum chain deployments according to transaction data. This capital flight occurred despite a $625 million airdrop to early participants according to official announcements. Perpetual trading volumes have declined significantly since the token generation event according to market analysis.

The LIT token dropped 32% immediately post-launch before partial recovery. Bearish sentiment dominates trading activity with more positions shorting than buying LIT according to trading data. Token distribution allocated 50% to ecosystem incentives including an initial 25% airdrop according to launch details. Early users needed 12.5 million points in 2025 to qualify according to eligibility rules.

Team and investor allocations face vesting schedules according to official documentation. The team received 26% of tokens and investors 24%, both subject to a one-year lock plus three-year linear release according to vesting terms. Lighter structured LIT for governance participation and staking mechanisms according to token design. Market analysts question user retention amid sustained capital outflows according to research findings.