Overview
- Multicoin Capital, which disclosed Wednesday it had built a “significant” ZEC position since February, cast the trade as protection against wealth‑seizure policies such as proposals in California.
- Following the disclosure, ZEC rose roughly 30% to 40% and briefly topped about $600 to a new year high as spot volumes neared $1.6 billion, futures bets outstanding climbed past $1 billion, and short sellers were forced to close.
- On‑chain data shows about 30% to 31% of all ZEC now sits in shielded addresses that hide amounts and participants, which reduces the liquid float on exchanges and makes price more sensitive to fresh demand.
- Zcash leaders said Thursday they plan to ship quantum‑recoverable wallets within about a month and target a full post‑quantum transition in 12 to 18 months, with the FCMP++ upgrade moving into testnet to expand private and scalable transactions.
- Developers also highlighted growing real‑world use through the ECC mobile wallet and Near’s intent routers, even as privacy features keep regulatory risk in focus for institutions using venues like Grayscale’s trust or new listings such as Robinhood.