Zcash is showing privacy coins are far from dead, posting one of the strongest runs in crypto while an ETF buys up a meaningful chunk of the supply. x.com 

Real money is showing up for privacy, one of the biggest narratives this year, which is good news for Zcash. Per @MSBIntel, Grayscale's Zcash ETF has raised over $1 billion in 30 trading days, ranking among the best ETF launches of the last ten years. x.com 

Zcash's price is running ahead of its usage, so this rally is not one to buy yet. ZEC is becoming the privacy coin Wall Street can buy, as Grayscale works to turn its trust holding 2.3% of supply into an NYSE-listed ETF, and Flexa and CrossPay add spending options. But after a 68% weekly jump to about $14B, nearly twice Monero, the ETF is not live, the 200K ZEC contribution has not happened and fees were about $2K in a day. A live ETF, real inflows and a held pullback would change the view. … Show more

Holders are rotating from bitcoin into Zcash, and the shift is still early. Per @jeremiahrogers, bitcoin holders who swapped into ZEC through NEAR intents now hold 468,606 ZEC, 2.92% of the network, worth $736M, versus $200.4M had they stayed in bitcoin. x.com 

Zcash is being bought heavily by institutions, and $5,000-10,000 per ZEC could come fast at this pace. It just broke above $1,400, about 70 times its 2024 low near $20, after a selloff to $250 roughly six months ago. x.com  x.com 

Low liquidity could cause sharp downside wicks in altcoins over the coming days. Uniswap at $3-6 and Zcash near $800 are levels of interest for bids. Trader_XO sees Zcash near $800, a call that holds here too; the level is expected before year-end. x.com  x.com  x.com 

ZEC gains a continuous create-redeem mechanism for the first time as Grayscale's Zcash trust converts to a spot ETF on NYSE. ZEC is back in the zone that capped previous cycles: $22 to $900 in 2017, $18 to $372 in 2021, and $16 to $850 now. Holding $900 keeps the stance long and aggressive; losing it brings $590-600 into view. Whether the broader market retraces in September is the bigger question, but the long-term position is comfortable either way. x.com 

Bitcoin's growing adoption could itself be the catalyst for privacy coins such as Zcash and Monero. The more bitcoin is integrated into exchanges, ETFs, banks and payment rails, the easier it becomes to map identities to addresses. Bitcoin's scarcity case strengthens while its privacy gap becomes more obvious, which makes for an interesting setup for Zcash and Monero. x.com 

Zcash is hot because shills realized a year ago it has the perfect setup for them to size in, control the narrative and pump it. That setup combines a sweet-spot market cap, centralized-exchange integrations, a long dormant history and a simple 'bitcoin but private' thesis. x.com 

Zcash offers Bitcoin-style scarcity with privacy, and its chart points to $2,191 if it clears resistance. Like Bitcoin it is mined and capped at 21 million coins, but shielded sends hide sender, receiver and amount, and viewing keys allow selective disclosure. Cypherpunk Technologies holds ZEC as its treasury and aims for 5% of supply. Price is holding just under the 2.618 Fibonacci level at $1,637; a clean break opens the 3.618 at $2,191, with support around $1,100-$1,250. x.com