- Outperforming different cash
- A number of catalysts
BitMEX co-founder Arthur Hayes has delivered a dire warning to merchants betting towards the continuing Zcash (ZEC) rally.
Hayes took to X to mock short-sellers, stating: “Bulls dial ‘P’ for privateness, Bears dial ‘P’ for poor. Select properly degen.”
The privateness coin has surged previous the $670 mark, and it’s quickly approaching the highest 10 digital belongings by market capitalization.
Dial ‘P’ for ‘Poor’: Hayes Has Warning for Zcash Bears
JPMorgan: Bitcoin Races Forward of Ethereum
Outperforming different cash
The energy of the Zcash rally has been notably notable given the present macroeconomic backdrop.
Main large-cap belongings like Bitcoin, Ethereum, and Solana are posting vital losses amid a sea of purple throughout the broader market heatmap, however ZEC has remained an remoted pocket of deep inexperienced momentum.
Buying and selling up almost 17% on the day and bringing its month-to-month beneficial properties nicely over 120%, the privateness coin is aggressively bucking the industry-wide downtrend to safe a place because the thirteenth largest cryptocurrency.
That stated, there are some considerations about whether or not or not this dizzying upside is definitely natural.
Skinny liquidity, and overly aggressive perpetual futures positioning appears more and more like a coordinated brief squeeze fairly than sustainable value discovery.
A number of catalysts
ZEC has rallied over 1,200% following its fourth community halving in November 2024.
The bullish momentum was then boosted in January 2026 when the U.S. Securities and Change Fee wrapped up its almost two-year investigation into the Zcash Basis with out taking enforcement motion.
This, in fact, instantly paved the best way for large institutional accumulation from entities like Multicoin Capital and Cypherpunk Applied sciences. Moreover, Grayscale Investments filed to transform its present Zcash Belief into the primary U.S.-listed privacy-coin spot ETF.
A high-profile characteristic within the Wall Avenue Journal has validated this turnaround. The legacy monetary publication not too long ago framed Zcash as a purer successor to Bitcoin’s authentic cypherpunk imaginative and prescient.

