So half the coins go to ZClassic holders and the other half go to bitcoin holders? That explains the $21277000 ZClassic volume on bittrex today.
Not quite. 1.8 million ZCL and 16.5 Million BTC so a lot more BTCP will end up in the hands of BTC owners than ZCL owners. The price went up because its a lot cheaper to buy ZCL than BTC so from a cost benefit perspective, ZCL is the cheapest way to get BTCP when the fork occurs
OK I understand now, I assumed both ZClassic and bitcoin had roughly the same number of coins in circulation, but didn't realize ZClassic has a much lower circulating supply.