Overview

• ZEC jumped into the roughly $140–$150 range on Oct. 2, touching highs above $150 with daily gains over 50% and weekly gains around 150%, lifting its market value to about $2.3–$2.5 billion and improving its ranking into the top 50.
• Grayscale opened its Zcash Trust to accredited investors via private placement, with early reported assets around $46 million, giving regulated exposure without direct token custody.
• Decentralized access expanded as ThorSwap added ZEC swaps and the Zashi wallet enabled easy conversion to and storage of shielded ZEC, boosting on‑chain privacy activity.
• Derivatives and spot activity surged, with futures open interest rising to roughly $142–$144 million and 24‑hour trading volume exceeding $1.1 billion, as positioning skewed bullish.
• Overheating signals emerged—daily RSI above 90, CryptoQuant’s futures bubble metrics, and net exchange inflows near $21 million—prompting analyst warnings of near‑term pullback risk even as the longer‑term privacy narrative gained traction.