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🚨 Zcash Foundation’s latest statement is pretty clear: ZRC-20 and CASH are NOT official Zcash standards, and the Foundation says they were created by third parties. That raises a bigger question: how many people bought in simply because they saw the “Zcash” name? 👀 The Foundation has now distanced itself from those projects, but for traders already in, the damage may already be done. Meanwhile, a ZEC whale reportedly closed a 38,000 ZEC short, taking losses of over $35M. 💀📉