ZCash (ZEC) surged this week, climbing close to $360 after recently dipping to $288, according to market data from CoinmarketCap. The rally was driven by a record inflow of coins into shielded pools, highlighting growing demand for privacy-focused transactions.
Over 4.9 million ZEC are now locked in anonymous pools, with most entering Orchard, ZEC’s highest-privacy layer. Despite over 60% of traders holding short positions, liquidations triggered by the rebound indicate heightened volatility and potential for further upward moves. Current data show ZEC trading at $336.21, down 3.11% in the last 24 hours, with a market cap of $5.47 B and 24-hour trading volume of $875 M.
Investors are advised to monitor short interest levels, shielded pool inflows, and derivative volumes as indicators for the next market move. Market participants continue to evaluate the impact of privacy-focused adoption on broader DeFi ecosystems.
Source: https://coinmarketcap.com/currencies/zcash/
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