Grayscale submitted an 8-K form to the SEC for Horizen Trust (ZEN), issuing 3,565,200 shares which equal approximately 304,034 ZEN tokens valued at around 4,712,299 USD, reflecting growing confidence in ZEN’s market outlook.

Following Grayscale’s announcement, Horizen (ZEN) surged over 36.2% in 24 hours and approximately 165.2% over the last week. ZEN is currently trading at 38.15 USD, indicating positive market sentiment and interest from investors.