Zcash has surged about 125% over the past month, driving miner revenue higher and pushing the network's hashrate to record levels. The privacy coin added another 18% today, leaving bitcoin mining as the second-most profitable PoW activity behind ZEC.
Zcash (ZEC) rose about 6% to trade above $500 after Tyler Winklevoss announced Cypherpunk Technologies, a new Digital Asset Treasury, and disclosed roughly $100 million in ZEC holdings. Markets reacted to the prospect of sizable, concentrated corporate demand for the privacy coin.
Zcash is trading under pressure as most cryptocurrencies remain in the red today, according to CoinMarketCap; negative momentum leaves near-term bias tilted toward sellers.
Zcash has been climbing through a month-long uptrend and is trading near $492, gaining about 9% in the last 24 hours while most majors sit in a tight range. The move stands out as the broader crypto market consolidates.
Zcash jumped about 21% on Nov. 13 to trade back above $500 after falling more than 40% from a seven‑year high of $735 over the weekend. Market data points to a fresh catalyst behind the rebound, though details remain mixed.
Former BitMEX CEO Arthur Hayes called on Zcash holders to remove funds from exchanges and move them into shielded addresses, and revealed ZEC is now his second-largest crypto position after Bitcoin.
Leap Therapeutics shares jumped about 170% on Nov. 12 after the company announced a pivot to a crypto-focused strategy and a $50 million purchase of Zcash (ZEC). The transaction is reportedly backed by Winklevoss Capital.
The Zcash Foundation announced a leadership restructuring and technical hires on November 12, 2025, as ZEC prices rally. The organization says increased R&D spending and community engagement will strengthen governance, transparency, scalability and privacy.
Zcash (ZEC) plunged roughly 33% over 48 hours following the launch of the network's first ZEC DAT campaign, coinciding with Nasdaq-listed Leap Therapeutic raising $58.9M and rebranding to Cypherpunk Technologies to back ZEC. The moves have amplified market volatility and raised fresh adoption and regulatory questions.