Zcash (ZEC) has experienced a significant price rally over recent weeks, with gains of 66% in the past week and over 1350% since May 2025. Analysis firm Santiment links this surge to increased demand for privacy-focused cryptocurrencies amid growing surveillance concerns. Additionally, the hedge fund Multicoin Capital has built a substantial position in ZEC. Despite this rebound, ZEC remains 82.5% below its all-time high, and potential volatility or profit-taking could lead to a price correction.
The privacy-focused cryptocurrency Zcash (ZEC) has seen substantial price increases across multiple timeframes. According to CoinGecko data, ZEC’s price has risen by 1.8% in the last 24 hours, 66% in the last week, 75% over 14 days, 109.8% in the last month, and 1353.5% since May 2025.
Cryptocurrency analysis firm Santiment suggests Zcash’s price surge is likely due to a rise in demand for privacy-focused assets. This development is viewed as a probable reaction to increased surveillance concerns.
The rally may also be connected to investments from US crypto hedge fund Multicoin Capital. Multicoin Capital co-founder Tushar Jain stated the company “has built a significant position in $ZEC since February.” In a social media thread, Jain highlighted concerns about states seizing investor funds.
Jain further wrote, “We believe that truly private, censorship and seizure resistant assets have clear product-market fit and demand is accelerating. We believe $ZEC is the cleanest way to express this thesis in public markets.” The asset’s core development team quit en masse earlier this year after internal rift, causing a price dip.
CoinGecko records show ZEC’s price fell below $200 in early March. The coin has made a notable recovery from that low point in recent weeks.
Despite the rebound, ZEC remains down by 82.5% from its all-time high of $3,191.93, attained in October 2016. Fresh volatility could prompt a price correction as investors who bought at lower prices may begin to book profits.
Furthermore, an imbalance between derivatives inflows and spot outflows presents a potential challenge. This development could potentially lead to another price dip for the cryptocurrency.
