TREE NEWS reports: Cobo co-founder and CEO Shen Yu recalled that in 2016, when ZEC mainnet launched, BitMEX set a price cap of 10 BTC, which became ZEC’s all-time high. That night, shortly after mining began, a lightning strike hit the graphics card farm’s transformer. He said his personal wallet has never held ZEC since.
Shen Yu: Lightning Strike After ZEC Mainnet Launch, Personal Wallet Never Held ZEC
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The anecdote underscores how infrastructure fragility and exchange mechanics, not fundamentals, can define a token's early market history. The price cap and subsequent hardware failure shaped perceptions that may still influence ZEC's positioning. Whether such operational shocks remain a relevant risk for emerging networks is the open question, as it speaks to the gap between protocol launch and real-world resilience.
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