{"id":72126,"date":"2026-05-06T10:24:39","date_gmt":"2026-05-06T10:24:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/zcash-surges-past-600-as-traders-drive-40-spike-flipping-monero-by-market-cap\/"},"modified":"2026-05-06T10:24:39","modified_gmt":"2026-05-06T10:24:39","slug":"zcash-surges-past-600-as-traders-drive-40-spike-flipping-monero-by-market-cap","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/zcash-surges-past-600-as-traders-drive-40-spike-flipping-monero-by-market-cap\/","title":{"rendered":"Zcash Surges Past $600 as Traders Drive 40% Spike, Flipping Monero by Market Cap"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>ZEC surged 40% on May 6 to hit $600, briefly pushing its total market capitalization to $10 billion.<\/li>\n<li>Multicoin Capital built a major ZEC position, citing its seizure-resistant fit for the 2026 market.<\/li>\n<li>Analysts suggest ZEC could rally further to eclipse its 2025 peak of over $700 if momentum persists.<\/li>\n<\/ul>\n<h2>Market Mechanics and Liquidations<\/h2>\n<p>The <span>privacy coin<\/span> Zcash (ZEC) rocketed past the $500 mark late Tuesday and continued its ascent through May 6, peaking at $600. The surge, reminiscent of the digital asset\u2019s rally in the <a href=\"https:\/\/news.bitcoin.com\/privacy-coin-fever-zcashs-741-intraday-spike-sets-the-market-buzzing\/\">last quarter of 2025<\/a>, saw ZEC flip Monero as the top <span>privacy coin<\/span> by market capitalization.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/zcash\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"zcash market data\"><\/iframe> <\/p>\n<p>Market data show ZEC, which traded around $350 at the start of the month, saw its initial spike toward the evening of May 5, jumping from $430 to $520 in approximately two hours. It rose gradually to $541 for the remainder of the day into the early hours of Wednesday. A second wave ultimately propelled ZEC to $600, briefly pushing 24-hour gains past 40% and its market capitalization to $10 billion.<\/p>\n<p>Meanwhile, ZEC\u2019s upward trend saw nearly $44 million in short bets on the <span>cryptocurrency<\/span> liquidated in 12 hours and nearly $59 million over 24 hours.<\/p>\n<p>According to a recent <span>Bitcoin.com<\/span> News report, the ZEC rally follows endorsements from high-profile figures like Raoul Pal, who labeled the asset a \u201c <span>bitcoin<\/span> sibling.\u201d Similarly, Grayscale Chairman Barry Silbert has championed Zcash, suggesting the <span>privacy coin<\/span> could replicate <span>Bitcoin<\/span>\u2019s historic 2017 bull run.<\/p>\n<p>Beyond <a href=\"https:\/\/news.bitcoin.com\/why-is-zcash-up-40-while-other-cryptocurrencies-are-tanking\/\">influencer endorsements<\/a>, Zcash appeared to jump on reports that Multicoin Capital, a crypto-focused investment firm, had built a significant ZEC position. Explaining the move, Multicoin Capital cited Zcash\u2019s return to the \u201ccypherpunk\u201d philosophy that birthed <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a>. The firm also identified a proposed wealth confiscation bill in California as a warning signal that prompted the pivot to ZEC, which it said can protect its interests.<\/p>\n<p>\u201cWe believe that truly private, censorship and seizure-resistant assets have [a] clear product-market fit and demand is accelerating. We believe ZEC is the cleanest way to express this thesis in public markets,\u201d <a href=\"https:\/\/x.com\/tushar_jain\/status\/2051719014502531289\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> Tushar Jain, co-founder at Multicoin.<\/p>\n<p>The listing of ZEC on Robinhood, which opens access to millions of retail investors, is also cited as a catalyst for the latest surge.<\/p>\n<p>However, critics warn that ZEC\u2019s latest parabolic price move may be \u201coverextended\u201d and driven more by speculative fever than onchain utility. Others argue that while \u201cshielded\u201d supply has hit an all-time high of more than 31%, it increases the risk of \u201cdark pool\u201d manipulation. In such a scenario, large movements by <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-bitcoin-whales\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">whales<\/a> are hidden from public view, potentially leading to <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a> crunches on transparent exchanges.<\/p>\n<p>Still, with weekly gains nearing 80%, ZEC has significantly outperformed the broader market and will likely continue drawing interest from retail investors chasing momentum. Should this trend persist, the <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-privacy-coins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">privacy coin<\/a> could rally further, potentially eclipsing its 2025 peak of just over $740.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/zcash-surges-past-600-as-traders-drive-40-spike-flipping-monero-by-market-cap\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: ZEC surged 40% on May 6 to hit $600, briefly pushing its total market capitalization to $10 billion. Multicoin Capital built a major ZEC position, citing its seizure-resistant fit for the 2026 market. Analysts suggest ZEC could rally further to eclipse its 2025 peak of over [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":72127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72126"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72126"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72127"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}