Zcash Surges 20%, Briefly Tops $1,023; Market Cap Climbs Into Crypto Top 10
AI Market Summary
Zcash (ZEC) surged ~20% in 24 hours, briefly topping $1,023 and reaching the crypto top 10 by market cap (~$16.96B). Elevated derivatives activity is evident with ~2.3M ZEC in futures open interest (~$2.3B). A short squeeze dynamic dominated, as ~$36.6M in leveraged positions were liquidated, including ~$34.5M in shorts, reinforcing strong near-term momentum and volatility.
Impact level
● Medium
Affected assets
ZEC/USDT+15.78%
AI Insight · ZEC/USDTAI Insight
▲ Bullish
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Binance market data show Zcash (ZEC) rose about 20% in the past 24 hours, briefly trading near $1,023. The token's market capitalization is now roughly $16.96 billion, making it the 10th-largest cryptocurrency by market value.
ZEC has gained about 94% over the past 30 days and more than 2,300% over the past year. Futures open interest stands at around 2.3 million ZEC, valued at approximately $2.3 billion.
In the last 24 hours, about $36.6 million in leveraged ZEC positions were liquidated, including roughly $34.5 million in short liquidations.
