{"id":9089,"date":"2025-12-30T05:11:10","date_gmt":"2025-12-30T05:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/heres-why-the-zcash-zec-price-rallied-above-500-again\/"},"modified":"2025-12-30T05:11:10","modified_gmt":"2025-12-30T05:11:10","slug":"heres-why-the-zcash-zec-price-rallied-above-500-again","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/heres-why-the-zcash-zec-price-rallied-above-500-again\/","title":{"rendered":"Here\u2019s Why The ZCash (ZEC) Price Rallied Above $500 Again"},"content":{"rendered":"

The Zcash (ZEC) price has rallied above the psychological $500 level, providing a bullish outlook for the privacy-focused token. This comes amid a notable surge in whale accumulation and derivatives activity among crypto traders.\u00a0<\/p>\n

Why Zcash (ZEC) Price Rallied Above $500 Despite Crypto Market Decline<\/h2>\n

CoinMarketCap data<\/a> show that the Zcash (ZEC) price has rallied above $500 again, up over 20% in the last week. This comes despite the crypto market downtrend<\/a>, with Bitcoin trading in a tight range just below the psychological $90,000 level. The ZEC surge above $500 comes amid a significant increase in whale accumulation, which has contributed to this price surge.<\/p>\n

Nansen data<\/a> show a 47% increase in ZEC whale holdings, with the top 100 addresses now holding 66% of the token\u2019s total supply. This has likely created a supply shock, sparking a rise in the Zcash (ZEC) price. Notably, there has been a 55.36% drop in the supply held by exchanges<\/a>, further highlighting the accumulation trend, with investors likely moving their coins off-exchanges for long-term holding.\u00a0<\/p>\n

\"Zcash\"<\/p>\n

On-chain analytics platform Lookonchain also highlighted the accumulation trend<\/a> among these whales. In an X post<\/a>, Lookchain revealed two newly created wallets that withdrew 26,241 ZEC ($13.5 million) from Binance. In another post<\/a>, the on-chain analytics platform revealed that another whale withdrew 7,714 ZEC ($4.12 million) from Kraken. Lookonchain had also drawn<\/a> attention to a whale that withdrew 30,000 ZEC ($13.25 million) from Binance last week.\u00a0<\/p>\n

Activity in the derivatives market has also contributed to the Zcash (ZEC) price rally above $500. CoinGlass data<\/a> show an increase in the altcoin\u2019s open interest, indicating that traders are increasing their positions. Most of these traders are currently long with the long\/short ratio above 1.\u00a0<\/p>\n

This recovery marks a positive for the privacy token<\/a>, which had dropped to as low as $310 earlier this month. ZEC is notably the best-performing crypto among the top tokens with a year-to-date (YTD) gain of around 800%.\u00a0<\/p>\n

\u2018Next Stop Is $1,000\u2019<\/h2>\n

BitMEX co-founder Arthur Hayes declared in an BitMEX co-founder has been bullish on the privacy token for some time now, predicting it could eventually reach $10,000.\u00a0<\/p>\n

Meanwhile, Zcash\u2019s co-founder privacy narrative is expected to keep fueling this price surge.\u00a0<\/p>\n

At the time of writing, the Zcash (ZEC) price is trading at around $536, up over 3% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>\n

\"Zcash\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The Zcash (ZEC) price has rallied above the psychological $500 level, providing a bullish outlook for the privacy-focused token. This comes amid a notable surge in whale accumulation and derivatives activity among crypto traders.\u00a0 Why Zcash (ZEC) Price Rallied Above $500 Despite Crypto Market Decline CoinMarketCap data show that the Zcash (ZEC) price has rallied…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3923],"tags":[578,136,986,1452,1453,4347,2109,1084,2841,2842,3609,3611,3612,3614,3853,4348],"class_list":["post-9089","post","type-post","status-publish","format-standard","hentry","category-zec","tag-arthur-hayes","tag-binance","tag-bitmex","tag-coinglass","tag-coinmarketcap","tag-eli-ben-sasson","tag-lookonchain","tag-nansen","tag-year-to-date","tag-ytd","tag-zcash","tag-zcash-price","tag-zec","tag-zec-price","tag-zecusd","tag-zecusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=9089"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9089\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}