Zcash Jumps 45% as ZEC Tops $600 — Why the Privacy Coin Surged
Zcash (ZEC) exploded higher on Saturday, climbing over 45% in 24 hours and pushing the token above $600 as of early trading. The move outpaced major-cap benchmarks and lifted ZEC into the spotlight after a period of muted activity. Market sentiment is firmly positive, with trading desks and social chatter highlighting heavy buying and a pick‑up in on‑chain transfers as fuel for the rally.
Analysts say the surge likely reflects a mix of renewed investor interest in privacy-focused coins, speculative momentum, and reported whale accumulation rather than a single headline event. That combination can produce sharp, short-term gains but also higher volatility; traders will be watching sustained volume, any exchange listings or protocol announcements, and regulatory signals that could quickly alter the outlook. As always, risk management remains key for participants entering the move.