ZBCN · the unlocks are over. The paying out is not.
ZBCN is the token of Zebec Network, a payroll and card payments network built on Solana. About 97.95B circulate against a 100B cap that can never be raised — the key that creates new coins was destroyed.
Sell pressure. About 1,184.6M ZBCN over 90 days — none of it new. The unlock schedule ended in March 2026, but the project wallet it filled kept paying coins out to other holders right through the window.
Buy pressure. Nothing we can count. The revenue buyback is real, but no size is published and the coins it buys are kept, not destroyed — total supply is still sitting at the cap.
Net. About +1.21% to market over 90 days, easing to +0.61% next quarter as that wallet runs low.
ZBCN cannot grow. The key that creates new coins was destroyed, so the 100B cap is now a physical limit rather than a promise, and there is no block reward of any kind. Total supply reads 99,998.8M — the cap, less the tiny amount retired since launch.
The unlock schedule is finished. Releases arrived like clockwork — 950.0M on Nov 23 2025, 950.0M on Dec 17 2025, 975.0M on Jan 20 2026, 1,000.0M on Feb 22 2026, 965.0M on Mar 17 2026 — and then stopped. Nothing was released in this window, and nothing is pending.
This is the whole story now. The unlocks ended, but the project wallet they filled is still paying out: 1,184.6M ZBCN left it in 11 dated transfers between Apr 24 2026 and Jul 20 2026, passing through two hubs and out to dozens of third-party wallets in pieces from 0.25M to 274.0M. That wallet has 596.4M left and no refill has arrived since Mar 17 2026, so the next 90 days are capped by what remains. Behind it sit two untouched reserves of 6,000.0M and 7,318.2M, a staking vault of 4,440.0M, and the bought-back ZBCN, which is held rather than destroyed.
There is no estate, no trustee and no court-ordered distribution of ZBCN.
Zebec has bought ZBCN back with card and payroll revenue since late 2023, and it is the reason the token is marketed as deflationary. No 2026 amount has been published, no buying wallet is disclosed, and the coins are not destroyed — total supply still sits at the cap. Real, but unmeasurable from outside. No public evidence of release in window — monitored.
ZBCN is a token on someone else's chain, so network fees are paid in that chain's coin and never consume a ZBCN. Barely more than 1M has been retired in the token's entire life.
No open-market buying beyond the revenue buyback above has been disclosed. No public evidence of release in window — monitored.
The staking vault holds 4,440.0M ZBCN, but stakers can withdraw and no new lock with a stated size was announced this window, so nothing was taken off the market.
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