🚨 $ZEC IS ONE OF THE WILDEST STORIES IN CRYPTO RIGHT NOW Just a few months ago, Zcash was trading around $250. Now it has pushed above $1,600. But the interesting part is what has been happening underneath the price. 👀 • Shielded transactions hit 62,379 last week, the highest weekly level since 2022 • Zcash settled more than $23B in transfer volume last week, its second-highest week ever • Around 29% of circulating ZEC is now sitting in shielded pools • 21Shares just launched Europe’s first physically backed Zcash ETP on Euronext Paris and Amsterdam • Grayscale’s Zcash ETF is already trading in the US • ZEC has gone from roughly $250 in April to above $1,600 in September And this isn't happening in isolation. The privacy narrative has returned to the market, while actual usage of Zcash’s shielded infrastructure has also accelerated. The network has gone through major changes this year too, including the migration from Orchard to the new Ironwood shielded pool after a critical bug was disclosed. Yet shielded activity has continued climbing. So there are now several different things happening around the same asset: > Privacy demand. > More shielded supply. > Higher onchain activity. > Billions in transfer volume. > And regulated investment products expanding access. That makes the current Zcash move a much bigger story than just a chart going up. 🤯 The question now is what happens next. Does the onchain activity keep accelerating with the price, or does the market eventually cool off after such a massive move?