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9h ago

Privacy Coins Rally as Dash Soars 44% and Zcash Extends Gains

Investors cite surveillance concerns alongside recent upgrades as drivers of the rotation into privacy assets.

Privacy tokens zcash, dash, railgun rip higher as market rotates back to 2018 narratives
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Firo privacy coins Breaking Push Dash Veil Tornado Cash Zcash RAILGUN Privasea AI

Overview

  • Privacy-focused tokens rose roughly in the mid-teens over the past 24 hours, signaling a synchronized move across the sector, according to CoinGecko data.
  • Dash jumped about 44% intraday, briefly testing just under $48 before trading near $44, with daily volume up sharply, per CoinGecko.
  • Zcash hit its highest level since April 2022 with a weekly surge and a peak above $268 before trading around $230, with roughly $1.1 billion in daily spot volume reported across exchanges.
  • Fresh catalysts included Monero’s ‘Fluorine Fermi’ privacy update to counter spy nodes, Zashi wallet support for cross-chain swaps into shielded ZEC, and a reported doubling of Railgun’s total value locked alongside triple-digit RAIL gains.
  • Coverage links the flow to worries over financial surveillance and sanctions as well as product and institutional developments, including Grayscale announcing a new Zcash trust.