Zcash Privacy Surge Sparks Institutional Interest, Market Cap Climbs

Arthur Hayes, former BitMEX CEO, urged ZEC holders to move assets off centralized exchanges and into self-custodial wallets to capitalize on the growing privacy-focused movement. This shift in user behavior has fueled a surge in shielded transactions for Zcash (ZEC). Driven by increasing privacy concerns, this trend has led to a notable rise in market activity, institutional interest, and financial implications. ZEC’s performance outpaced its peers as it momentarily surpassed Monero in market capitalization.