Zcash (ZEC) hits a 10-year high of nearly 1,600 USD, up about 190% in the past few weeks, thanks to Grayscale’s ZCSH ETF drawing more than 233 million USD in net inflows since its launch in August.

Whale activity
A whale holding ZEC has moved tokens worth 362 million USD along with its first deposit to Coinbase after 10 months, raising concerns about selling pressure.