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Unlocking Onchain Privacy: Lessons from ZachXBT and Mert on Zcash and Solana for Meme Traders

Unlocking Onchain Privacy: Lessons from ZachXBT and Mert on Zcash and Solana for Meme Traders

Hey there, fellow meme token hunters! If you're deep into the wild world of Solana memes like $PUMP or $BONK, you know how transparent the blockchain can be. Every trade, every wallet move—it's all out there for anyone with a block explorer to see. But what if you want to keep things under wraps? That's where privacy tools come in, and a recent Twitter thread from onchain sleuth ZachXBT (@zachxbt) sheds some light on the pitfalls and best practices. Mert from Helius (@0xMert_) chimed in too, emphasizing the role of good opsec (that's operational security, folks—basically, how you handle your crypto habits to stay anonymous).

Let's break it down. ZachXBT, known for exposing scams and tracing shady funds, decided to test Zashi, a privacy-focused wallet for Zcash (ZEC). Zcash is a cryptocurrency that uses zero-knowledge proofs to shield transactions, meaning you can hide the sender, receiver, and amount. He bridged 1 SOL from Solana to Zcash via Near Intents—a cross-chain tool—and shielded it, turning it into private ZEC.

Screenshot of Solana to Zcash bridge transaction Zcash shielding transaction details

Things got interesting when he tried to anonymously fund an Ethereum address using Zashi's Crosspay feature. He swapped some shielded ZEC for ETH, but a small refund in transparent ZEC went back to his original address. Boom—link established! By matching timings and amounts, anyone could connect the dots and deanonymize his setup.

Crosspay feature in Zashi wallet

Zach pointed out that the refund transaction from Near Intents revealed his static transparent address (t-address). Static means it's the same one every time, making it easy to track. He shared the team’s response: they're planning ephemeral addresses (temporary ones) and shielded refunds soon.

Refund transaction exposing privacy link

For now, his advice? Use multiple seeds on separate devices if you're bridging with shielded ZEC. Overall, he praised Zashi for improving on Monero's UI/UX—Monero being another big privacy coin.

Zashi team's planned privacy fixes

Mert jumped in, calling it an "excellent thread" and stressing that privacy is only as good as your opsec. Depositing and withdrawing the exact same amount right away? That's a dead giveaway. Instead, let your funds "rest" in the shielded pool—time helps obscure the trail. Constant bridging back and forth, especially with visible refund addresses, leaks info.

This hits home for meme token traders on Solana, where pumps and dumps happen fast, and whales get hunted. Imagine sniping a hot meme like $GOAT without everyone knowing your wallet size. Tools like mixers or privacy bridges could help, but as Zach shows, flaws exist. Always think about value at rest: shield some assets and let them sit, blending into the anonymity set (the group of shielded funds that makes tracing hard).

Zach even floated the idea of more opsec posts and a consulting service for traders or funds wanting to anonymize activity—without helping bad actors, of course. If you're a legit meme trader worried about front-runners or doxxers, this could be gold.

In the meme space, where community and hype drive value, privacy isn't just about hiding—it's about protecting your edge. Whether you're farming airdrops or holding long-term, brushing up on opsec can save you from exploits. Check out the full thread here for the nitty-gritty txns and more.

Stay safe out there, degens. Remember, in crypto, knowledge is your best shield.

ZachXBT's call for more opsec content and services

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