Zcash Surges Past $880, Marking Multi-Year High

• ZEC’s price rose by more than 60% over the week and, at its peak, topped $880.
• Analysts link the rally to Grayscale’s filing to convert the Zcash Trust into a spot ETF, a potential short squeeze, and rising interest in the asset.

Zcash (ZEC) climbed above $880, setting a new high since 2016. Back then, the asset fell from around $4,200 to below $100, according to CoinMarketCap. At the time of writing, the asset is trading near $830.

According to CoinGecko, ZEC is up more than 60% over the week. The asset’s market cap has surpassed $14 billion.

Over the past 24 hours, the liquidation volume for futures positions paired with ZEC has exceeded $12 million.

Notably, the rally came just a few months after a major sell-off in the asset. In June 2026, ZEC slid to around $250 following reports of a critical vulnerability in the Orchard pool that had existed for four years and could have potentially led to uncontrolled issuance. Since then, ZEC has more than tripled. We covered the situation in detail in a separate piece:

The ZEC Token Has Plummeted by More Than 50%: How a Critical Vulnerability in Zcash Caused the Coin’s Price to Crash

05.06.2026

Read now

Analysts named possible reasons for the rally

Coin Bureau believes the rally accelerated after Grayscale filed an application to convert the Zcash Trust into the first spot ZEC ETF in the U.S.

An analyst using the pseudonym Shawn also highlighted several potential drivers. These include Grayscale’s filing, Digital Currency Group potentially contributing around 200,000 ZEC to the trust, and a short squeeze.

That Martini Guy ₿ linked the rally to progress on the spot ETF application. He noted that ZEC futures trading volumes reached billions of dollars, and the “next bitcoin” narrative is spreading more and more frequently across the crypto community.

Earlier, we published a ranking of the top 10 most profitable crypto assets of the week. Read more in the article.

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