ZEN Token Slides 8% After Rally: Base Migration, Trading Surge, and Regulatory Impact Unpacked

Horizen (ZENUSDT) experienced an 8.10% decline in the last 24 hours, attributed to profit-taking and technical consolidation following a sector-wide rally among privacy coins. The recent migration to Base, a Layer 3 EVM environment, and increased interest in privacy-focused tokens initially fueled strong upward momentum, with ZENUSDT reaching highs above $12.50 and attracting significant trading activity. Market sentiment has become mixed due to short-term overbought conditions signaled by technical indicators, as well as broader regulatory discussions on privacy and DeFi in the U.S. Currently, ZENUSDT trades at $11.205 with robust volume, a market cap near $200 million, and continued volatility amid ongoing investor reassessment.