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Institutions increase the position in anonymous coins, privacy concepts are being followed.
Recent data shows that the custody assets of a well-known Crypto Assets investment fund have reached $11.7 billion. It is worth noting that on November 23, the fund significantly increased its holdings in several mainstream Crypto Assets, with the highest increase being in an anonymous concept coin.
This anonymous concept coin is a secondary fork of another privacy coin's fork. It completed its first halving at block height 840000 on November 23, reducing the block reward from the original 12.5 tokens to 6.25, a total reward reduction of 50%.
This series of actions reflects institutional investors' ongoing interest in the Crypto Assets market, particularly the increasing interest in privacy-focused coins. At the same time, the halving event may impact the supply and price of this coin, making it worthwhile for market participants to closely monitor subsequent developments.