Zcash’s shielded supply recently surpassed the 5 million mark, demonstrating strong demand despite a significant market downturn affecting many cryptocurrencies. This increase was driven by holders transferring their coins to the Orchard Pool for enhanced privacy. Notably, this occurred during a period of widespread market volatility that saw most other cryptocurrencies experience substantial losses. While Zcash itself maintained a price around $400, it nonetheless experienced growth, with its total supply now exceeding $2 billion and representing nearly 30% of its circulating supply. Understanding the significance of shielded Zcash. Shielded Zcash refers to coins deposited in the Orchard Pool, utilizing zero-knowledge proof technology to conceal balances and transaction history, providing complete anonymity. This practice reflects a desire for not only increased privacy but also strategic holding and usage within the shielded ecosystem. It reduces available supply on exchanges by isolating it from traditional transparency, effectively limiting its liquidity for sales. An increase in the total shielded amount typically indicates confidence among buyers who are withdrawing Zcash to self-custody and protect it long-term, with no intention of selling in the short term. This scenario contributes to Zcash’s resilience and price growth. Zcash Performance Amidst Market Downturn: The week started with a market crash, causing losses for most cryptocurrencies since November 3. Bitcoin dropped below $102,000, revisiting lows from October 10-11 when over $19.35 billion in trading positions were liquidated. Over the past 24 hours, $1.33 billion has been liquidated. However, Zcash maintained strength, trading around $400 with notable volatility. Its current price shows a significant increase of 956% year-over-year, indicating a more than 10x increase in purchasing power for Zcash holders. As developments continue, Zcash stands as the leading privacy coin, proving its value, resilience, and demand. The record shielded amount serves as an important indicator of market behavior worth watching closely.