Cypherpunk Technologies Inc. - Common Stock (CYPH)

The privacy coin rally unfolded alongside a broader advance in the crypto market, with total market capitalization moving back above $3.3 trillion.

The initiative also drew praise from Dragonfly Managing Partner Hasseb Qureshi, who called the Electric Coin Company team members “true believers.”

Cypherpunk acquired privacy-oriented cryptocurrency for about $29 million.

While the overall crypto market fell nearly 2% over the last day, Zcash, Cypherpunk’s main treasury asset, gained 16%.