The privacy coin sector has been extremely hot recently. Just look at DASH—its price surged over 100% in the past 3 days, reaching a high of $88.5, with daily trading volume soaring to $1.3 billion. Similar coins like ZEC and XMR are also taking off, and the entire track is rapidly gaining popularity.

The trigger for this rally is quite clear—there was some movement on the Zcash side. The personnel changes at Electric Coin Company sparked market concerns. Later, CEO Josh Swihart explained that it was a "structural reorganization," with the original team planning to establish a new independent company to continue the project. However, this explanation still shook some investors' confidence. As a result, some funds started shifting from ZEC to DASH and other privacy coin projects, creating a noticeable rotation of capital.

Speaking of privacy coins, there's another project that has recently caught attention—Midnight. The project has a total supply of 24 billion tokens, and the NIGHT token snapshot has already been completed. Users holding ADA, BTC, and ETH can participate in claiming. Although the specific exchange listings haven't been officially announced yet, the market generally predicts it will be listed on mainstream platforms. The mainnet hasn't launched yet, and public trading hasn't started, but fueled by the current privacy coin hype, market expectations for its performance after launch are extremely high.

Ultimately, in an era where regulatory environments are tightening, users' demand for transaction privacy is real and tangible. This is the fundamental logic behind the continued capital inflow into the privacy coin sector.