Zcash founder Zooko Wilcox has joined Cypherpunk Technologies Inc. as a strategic advisor, the company announced. Wilcox, who previously served as CEO of Electric Coin Company, will focus on advancing privacy-centric digital systems. This appointment coincided with a notable increase in Cypherpunk's stock price, which surged nearly 40% to $1.62.
Cypherpunk, which began supporting Zcash in November, has amassed 233,644 ZEC, valued at approximately $100 million. Zcash's price has experienced significant volatility, rising from around $50 in early September to over $700 in November, before settling at approximately $430. The strategic move is seen as a boost to both Cypherpunk and Zcash's market performance.
Zcash Founder Zooko Wilcox Joins Cypherpunk as Strategic Advisor
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