Zama is one of the most talked‑about infrastructure projects in early 2026, built on Fully Homomorphic Encryption (FHE) a breakthrough tech that allows computations on encrypted data without revealing sensitive information. Its goal is to bring true privacy to smart contracts on Ethereum and other chains, something many blockchain ecosystems haven't achieved yet.
💡 Huge Public Auction & Funding
In late January, Zama completed a public auction that attracted over $118M in committed bids, oversubscribed by more than 200%. This was noted as Ethereum’s first encrypted ICO, highlighting strong market interest in privacy infrastructure.
📈 Binance Spot Listing Is Live
Binance officially listed $ZAMA on its spot market on Feb 2, 2026, with pairs like ZAMA/USDT, ZAMA/USDC, and ZAMA/TRY. Deposits opened before trading, and withdrawals began the next day.
✅ Listing Highlights:
• No Binance listing fee was charged (0 BNB).
• Spot trading boosts liquidity and accessibility for retail and pro traders.
• Binance applied a “Seed Tag” risk label requiring users to take risk quizzes common for early-stage infrastructure tokens.
📊 Futures & Leverage
Binance also announced perpetual futures for $ZAMA, offering up to 25× leverage on ZAMA/USDT contracts. High-leverage trading can amplify both profits and losses risk management is key.
💸 Fees, Protocol Utility & Tokenomics
• $ZAMA is used to pay protocol fees, which are then burned creating deflationary pressure.
• New tokens are minted to reward network validators/operators.
• Total supply: 11 billion, with a portion initially circulating via auction and pre‑listing events.
📊 Technical & Fundamental Analysis (Feb 3, 2026)
Based on the chart and current market data for ZAMA/USDT:
Current Price: 0.0313 USDT
24h Trend: Bearish (-17.41%)
Key Resistance: 0.0390 USDT (24h High), 0.0500 USDT (Public Auction clearing price)
Key Support: 0.0300 USDT (psychological floor & all-time low)
🔍 Observations:
• Massive Supply Influx: Public auction tokens fully unlocked on Feb 2, causing sell pressure.
• Failed Auction Anchor: Auction participants are ~37% underwater, often leading to panic selling.
• Wick Activity: Buying interest at 0.0300, but candles show weak bullish momentum.
📉 Market Sentiment:
• Simultaneous exchange listings allowed early investors to exit quickly.
• Fundamentals remain strong (FHE tech), but market pricing currently favors liquidity and supply over tech.
• Binance listing timing created a "sell-the-news" effect.
🚀 Potential Scenarios:
• Bearish: Break below 0.0300 → price discovery downward.
• Bullish: Consolidation 0.0300–0.0330, then a break above 0.0390 on high volume → trend reversal.
Note: High volatility expected due to 100% initial unlock. High leverage trading is very risky right now.