Zcash rallies above $975, jumps into top 10 by market cap as volume surges
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Zcash (ZEC) surged ~18% in a single session to roughly $975, lifting it into the top-10 by market cap as volume jumped 66% to about $1.07B. Grayscale attributed the move to "hard money" demand and renewed interest in digital privacy, reinforced by the recent listing of a spot Zcash ETF on NYSE Arca. The sharp, concentrated rally may raise near-term volatility and attention across privacy-focused tokens.
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ZEC/USDT+17.06%
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Zcash (ZEC) surged to around $975 on Thursday, briefly touching an intraday high of $976.91. The token gained more than 18% over the past 24 hours, pushing its market capitalization to $16.17B and lifting it to tenth place among crypto assets by market value.
Trading activity accelerated alongside the price move, with 24-hour volume rising 66% to $1.07B.
Grayscale, which listed a spot @Zcash ETF on NYSE Arca on August 25, attributed the rally to renewed hard-money demand and growing interest in digital privacy. The advance played out in a single session.
