Forget XRP And ETH—Zcash Today Pumped Yet Another 30%

Zcash (CRYPTO: ZEC) traded as high as $715 on Friday after soaring more than 30% in a single session, marking its strongest breakout since 2018.

Privacy Demand And Institutional Inflows Drive The Spike

The rally came as BitMEX co-founder Arthur Hayes declared yesterday, “See you at $1,000,” fueling renewed interest in privacy tokens.

The network’s optional privacy layer and selective transparency features have seen increased use, with shielded holdings up 15% this month to 4.96 million ZEC.

ZEC Netflows (Source: Coinglass)

On-chain data from CoinGlass shows over $74 million in net inflows hitting exchanges on November 7, ZEC’s largest single-day positive flow in years.

Such inflows often signal that institutional capital is rotating into the asset rather than short-term …

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