Zcash Price News: Why Did ZEC Rocket 30% and What's Next
The move triggered nearly $62 million in liquidations as Multicoin Capital said it had been building a significant ZEC position since February.
- On Tuesday, Zcash surged nearly 30% to $543 after crypto fund Multicoin Capital disclosed a significant position in the privacy-focused token.
- Co-Founder and Managing Partner Tushar Jain framed the investment around California's "wealth seizures," warning that public holdings remain exposed to potential state-level wealth taxes.
- CoinDesk Research reported that Zcash reached "encryption supremacy," with about 5 million coins now held in shielded addresses using zero-knowledge cryptography to prevent de-anonymization.
- Trading volume crossed $1.3 billion over the past day, triggering nearly $62 million in total liquidations across roughly 5,000 traders; ZEC-tracked futures saw almost $60 million in shorts wiped out.
- The disclosure marks a strategic shift for Multicoin, which argued in 2019 that privacy was merely a feature, as ZEC now integrates with the Solana ecosystem through Zenrock's wrapped product.
24 Articles
24 Articles
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Add TechGaged as your preferred source on Google See more TechGaged stories across Google News and Discover. Add Inside Zcash’s breakout is a story the market almost missed — until it couldn’t be ignored anymore. Zcash surged nearly 30% in a single session on May 6, extending its 30-day gain to over 110% and triggering approximately $62 million in futures liquidations — mostly from short sellers. The move erased all of ZEC’s 2026 losses in one w…
Zcash (ZEC) Explodes 40% After Multicoin Capital Discloses Strategic Investment
Key Highlights Multicoin Capital, managing $2.7B in assets, disclosed accumulating ZEC positions starting February 2024. The privacy coin climbed over 40% within 24 hours, momentarily reaching $607—a fresh year-to-date peak. Chart analysis reveals a bull flag pattern breakout suggesting potential movement toward $800. Robinhood added ZEC trading on April 23, providing access to nearly 26 million funded accounts. More than 30% of total ZEC suppl…
Zcash (ZEC) has starred this Wednesday in the biggest rally among the hundred largest cryptocurrencies. The token, known for allowing completely private transactions, shot 30% in the last 24 hours and exceeded 550 dollars, its highest level so far this year. The rise occurred after the Multicoin Capital investment firm revealed a large position in ZEC, arguing that assets capable of protecting the user’s identity will be increasingly valuable in…
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