Overview
- ZEC climbed past $500 to multi-year highs, lifting its market value above $8 billion after an ~8x monthlong rally.
- Futures open interest reached a record near $774 million, following new perpetual listings on Hyperliquid that expanded leverage and liquidity.
- More than 30% of supply is now in shielded pools—about 4.9 million ZEC—with transparent balances down roughly 3 million this year.
- Galaxy Digital attributes the repricing to usability gains that reduce friction for shielded activity, led by ECC’s Zashi wallet integrated with NEAR’s intent layer.
- Technical analysts warn of near-term correction risk given overbought readings, rising-wedge and Wyckoff signals, negative funding, and a small full-node footprint as upgrades like Project Tachyon remain on the roadmap.