Zcash (ZEC) 24-hour fluctuation 26.1%: Grayscale buys $46 million driven by privacy coin narrative
Bitget Pulse2026/04/10 00:32Volatility Overview
Over the past 24 hours, the price of ZEC rebounded from a low of $308.59 to a high of $389.27 and is currently at $366.12, representing a fluctuation range of 26.1%. Trading volume surged to approximately $673 million, up 30.1% from the previous day, with a clear net capital inflow, and institutional buying expanded by 4.2 times.
Brief Analysis of the Cause of the Movement
- Grayscale ZEC Trust accumulated $46 million in shielded ZEC on April 8-9, directly driving the price up over 30% and triggering expectations of a potential ETF conversion.
- Trading volume skyrocketed by 77%-152% to $339 million-$810 million, with evident signs of whale-level long positions and accumulation, alongside an increase in cross-chain activity.
- The overall privacy coin sector rebounded, catalyzed by US-Iran ceasefire-related geopolitical news.
Market Views and Outlook
Market sentiment has turned bullish, with communities claiming "privacy coins awakened, supply shock narrative triggered, target $500+", and institutional confidence strengthened. Mainstream analysts predict a short-term continuation of the rally but warn that a break above the downtrend line is needed; otherwise, there is a risk of a "bull-bear trap." Keep an eye on the $50 million support from long leverage contracts.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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