Overview
- Zcash has jumped roughly 1,000% year over year to a multi‑billion valuation, flipping Monero in market cap as over 30% of ZEC supply now sits in shielded pools and institutional vehicles like Grayscale report inflows.
- Markets on Tuesday showed double‑digit gains across privacy names while Bitcoin slipped below $104,000, with Dash, Decred, Horizen and Secret advancing and Dash’s top 100 wallets now holding about 37% of supply.
- Traders are rotating into smaller caps such as Solana‑based GhostwareOS, whose GHOST token launched in late October, logged rapid early gains, reached roughly 9,000 holders and reported more than 99% of liquidity locked.
- Monero faces renewed scrutiny after Qubic’s mid‑2025 claim of majority hashing control and reported block reorganizations, alongside ongoing exchange pressures that have complicated liquidity and listings.
- Analysts link the rally to demand for transactional anonymity ahead of 2026 wallet‑reporting rules, with whale activity and leverage amplifying both upside moves and the risk of sharp reversals.