Zcash Soars 12% as Institutions Accumulate $150M in ZEC

The primary catalyst behind Zcash’s powerful upswing has been aggressive accumulation from high-profile institutional players. Cypherpunk Technologies, backed by Tyler and Cameron Winklevoss, has snapped up 233,644 ZEC worth approximately $150 million. This substantial purchase represents around 1.25% of the circulating supply, with the firm openly declaring plans to raise its holdings to at least 5%.

This level of concentration has significantly tightened liquid supply while injecting strong confidence across the market. The institutional backing extends beyond mere accumulation, with long-time privacy advocate Arthur Hayes openly supporting ZEC and predicting a run to $1,000. Hayes has even suggested that Zcash could eventually reach 20% of Bitcoin’s value, highlighting the growing institutional conviction in privacy-focused cryptocurrencies.

Adding another bullish layer to the institutional narrative, the upcoming November 2025 halving will see ZEC block rewards fall by 50%. This reduced-issuance environment has historically served as a strong driver of scarcity-led rallies across major cryptocurrencies, creating fundamental support for Zcash’s current momentum.

On the technical front, Zcash is approaching confirmation of a classic inverse head and shoulders formation on the 4-hour chart. The critical neckline sits around $690, and a decisive breakout above this level could open a path toward $956, representing nearly 40% upside from recent prices around $670.

Supporting the bullish technical picture, ZEC is currently trading above its 50-day EMA at $613, while a green Supertrend signal hints at sustained bullish momentum. However, analysts caution that ZEC must maintain its position above the EMA to avoid invalidating the formation. Key support remains firmly established in the $600–$605 range, where momentum has recently cooled before the current rebound.

The technical structure suggests that if ZEC can successfully break through the $690 resistance level, it could trigger significant follow-through buying from both technical traders and momentum investors seeking to capitalize on the confirmed pattern.

Beyond charts and supply mechanics, market observers note a coordinated narrative push supporting Zcash’s resurgence. Crypto media figure Ran Neuner believes influential industry players are rallying behind Zcash to spotlight privacy as cryptocurrency’s critical next frontier. According to Neuner, this movement represents less of a pump-and-dump scheme and more of a long-term mission around compliant, user-controlled privacy.

This strategic positioning differentiates ZEC from privacy rivals like Monero, emphasizing regulatory compliance alongside privacy features. The coordinated support from figures like Arthur Hayes and institutional backing from Cypherpunk Technologies creates a powerful narrative combination that extends beyond short-term price movements.

If ZEC can maintain its breakout structure and demand for privacy-focused assets continues to rise, Zcash may be positioning itself not just for a short-term spike, but for a serious challenge to broader market rankings in the months ahead. The combination of institutional accumulation, favorable technical patterns, and growing privacy demand creates a compelling case for ZEC’s sustained momentum beyond the current rally.