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    Arthur Hayes Says Zcash Is Now His Second-Largest Holding After Bitcoin

    CryptoGateBy No Comments2 Mins Read


    BitMEX co-founder Arthur Hayes has revealed that Zcash (ZEC) is now the second-largest holding in his household workplace Maelstrom, trailing solely Bitcoin (BTC).

    “Because of the speedy ascent in worth, ZEC is now the 2nd largest *LIQUID* holding in MaelstromFund portfolio behind BTC,” he wrote in a Friday submit on X.

    The disclosure comes amid a pointy rally in Zcash, which has climbed from a low of $137 to over $730 previously month, representing a rise of greater than 400%.  

    Different privateness cash have also posted strong weekly gains, with Sprint (DASH), Decred (DCR) and ZKsync (ZK) all gaining greater than 100%. Nonetheless, main cryptocurrencies like Bitcoin (BTC) and Ether (ETH) have remained range-bound amid broader market uncertainty.

    Associated: Zcash knocking at door of top 10 cryptos as market cap smashes $10.6B

    Zcash drops 12% after large rally

    On the time of writing, ZEC trades at $548, down about 11.8% previously 24 hours, with a market capitalization of $8.9 billion, in response to CoinMarketCap. Buying and selling exercise stays elevated, with 24-hour quantity up 139% to $4.63 billion.

    ZEC drops after large rally. Supply: CoinMarketCap

    Zcash’s circulating provide stands at 16.28 million ZEC, with a most provide cap of 21 million. The token’s absolutely diluted valuation (FDV) is round $11.5 billion.

    Zcash’s hybrid mannequin, which helps each clear and shielded transactions, has made it a extra palatable choice. Like Bitcoin, it has a set provide of 21 million cash and is secured by a proof-of-work (PoW) mechanism.

    Associated: Truth behind comeback of privacy-focused protocol Zcash in 2025

    Zcash’s comeback pushed by grassroots privateness motion

    Zcash Basis government director Alex Bornstein mentioned the latest resurgence of Zcash has been fully natural, fueled by rising public concern over authorities surveillance and knowledge management. Talking on Cointelegraph’s Chain Response present, Bornstein famous that the renewed curiosity displays a “highly effective narrative” round digital privateness and monetary autonomy.