Honestly with ZEC's privacy focus most of the major DEXes have kept their distance, so yeah it's basically spot buyers chasing the ETF narrative, but calling it "just" speculation is underselling how hard Grayscale headlines have historically moved prices before any real liquidity infrastructure shows up.
Any decent stable pairs on this or is it just spot speculation driving the price?
Honestly with ZEC's privacy focus most of the major DEXes have kept their distance, so yeah it's basically spot buyers chasing the ETF narrative, but calling it "just" speculation is underselling how hard Grayscale headlines have historically moved prices before any real liquidity infrastructure shows up.
Right, because stable pairs are going to save you when the hype dries up.