Arthur Hayes Forecasts Zcash Surge, Dumps Ethereum and Other Assets Amidst Market Downturn

BitMEX co-founder Arthur Hayes recently sparked controversy by predicting that Zcash will surpass Ripple’s XRP in value. He asserts this with a bold statement on X: ‘$ZEC > $XRP’. This prediction comes amidst a bullish rally for Zcash, despite a broader market slump. While Hayes is bullish about the privacy coin, he has also sold significant portions of his holdings across other cryptocurrencies. According to Arkham Intelligence, he recently dumped ETH, ENA, LDO, AAVE, and UNI on centralized exchanges. This follows recent statements from Hayes urging investors to move their ZEC to self-custodial wallets for greater protection.