Zcash (ZEC) price has risen above $880, reaching a multi-year high. In 2016, the asset reached around $4200, after which it fell below $100 for a long time. At the time of writing, the price is correcting near $830. Over the week, the quotes have increased by more than 60%, and the market capitalization of the asset has exceeded $14 billion.
Against the backdrop of a sharp market movement over the past 24 hours, the volume of liquidations of futures positions in the ZEC pair has exceeded $12 million. The current rally occurred a few months after a significant decline. In June 2026, the price of ZEC dropped to about $250 due to reports of a critical vulnerability in the Orchard pool, which had existed for 4 years and could potentially lead to uncontrolled issuance. Since then, the coin's price has more than tripled.
Analysts highlight several possible drivers of the current growth. Experts link the acceleration of the rally to Grayscale's application to convert the Zcash Trust into the first spot ETF based on ZEC in the U.S. Additional factors include the potential contribution of about 200,000 ZEC by Digital Currency Group to the trust, as well as the short squeeze effect. Trading volumes for ZEC futures have reached billions of dollars, accompanied by growing interest in the asset within the crypto community.
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This material is prepared solely for informational purposes and does not constitute financial advice or recommendations.