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ZetaChain Votes to Wind Down Layer 1 and Move ZETA to Solana
Published Source: The DefiantRead original
Crypto Insight Summary: Proposal 68 passed with 99.4% support and 58% participation, but exchanges must confirm the swap before a second vote sets the snapshot, claims and shutdown schedule. Crypto Insight Analysis: Direction: Bearish ZETA / Bullish SOL Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: ZetaChain's move to Solana could increase SOL's ecosystem value but may cause uncertainty for ZETA holders during transition.