$ZEC has reached its highest levels since 2018.
Zcash pushed above $800 and briefly traded near $850, marking an eight-year high.
The move has been accompanied by extremely elevated futures volume (reports near $9–10 billion in 24h) and rising open interest.
Grayscale’s ongoing effort to convert its Zcash Trust into a spot ETF remains the key narrative driving attention.
Traders will be watching whether the elevated derivatives activity sustains or if profit-taking appears after the sharp run.
Zcash pushed above $800 and briefly traded near $850, marking an eight-year high.
The move has been accompanied by extremely elevated futures volume (reports near $9–10 billion in 24h) and rising open interest.
Grayscale’s ongoing effort to convert its Zcash Trust into a spot ETF remains the key narrative driving attention.
Traders will be watching whether the elevated derivatives activity sustains or if profit-taking appears after the sharp run.
