What are people saying about ZUSD?

Question

Accepted Answer

## TLDR  
ZUSD discussions center on urgent migration requirements as its parent network winds down, with neutral-to-concerned sentiment among holders ahead of the July 23 deadline.

1. **EON network sunset** mandates ZUSD→ZEN swaps by July 23 to retain fund access.  
2. **Stablecoin depeg risk** – ZUSD trades at $0.997 (-0.18% 24h) amid migration-driven sell pressure.  
3. **Whale dominance** – Top 10 wallets hold 93.5% of supply, amplifying liquidity risks.

## Deep Dive  
### 1. Sentiment drivers  
The July 9 Horizon Global announcement ([Horizon Global](https://x.com/horizenglobal/status/1942742503276618111)) triggered focused discussions, with:  
- **Urgency**: Holders face a hard July 23 deadline to convert ZUSD to ZEN or risk losing access.  
- **Stability concerns**: ZUSD’s 24h trading volume surged 2,697% to $1.32M, reflecting rushed exits despite its designed 1:1 USD peg. The -0.3% 90d price drift suggests persistent weak demand.  
- **Concentration risk**: With 93.5% supply held by 10 wallets, large conversions could destabilize remaining liquidity.

### 2. Platform-specific insights  
- **X (Twitter)**: Primary channel for official updates, with users seeking migration technical support. No visible backlash, but muted engagement (1 major tweet in retrieval data).  
- **Telegram/Discord**: Likely hubs for real-time troubleshooting, though data isn’t provided. The 346 total holders implies a small, possibly tech-savvy community.

## Conclusion  
ZUSD’s narrative is dominated by time-bound operational demands rather than organic market activity, with whale behavior and post-migration usability as key unknowns. **How might ZEN’s post-integration utility affect demand for legacy ZUSD liquidity?**

Latest ZUSD (ZUSD) News Update

TLDR

Deep Dive

1. Sentiment drivers

2. Platform-specific insights

Conclusion