Zcash surges 13% to $460 as a dynamic fee proposal, whale accumulation, and Cypherpunk’s growing ZEC treasury tighten supply below a key resistance zone.
Summary
- Zcash price rallied 13% to $460, with market cap and 24h volume spiking as price decoupled from a largely flat crypto market.
- Developers and Shielded Labs proposed shifting from fixed fees to a dynamic fee market to cut costs and improve efficiency during congestion.
- Cypherpunk expanded its ZEC treasury, while a large holder sent tokens to Hyperliquid to go long as ZEC tests multi-touch resistance on Crypto Pulse charts.
Zcash (ZEC) price climbed 13% to reach $460, outperforming broader cryptocurrency markets that have traded sideways in recent sessions, according to market data.
The privacy-focused cryptocurrency’s market capitalization increased alongside a surge in 24-hour trading volume, data from trading platforms showed.
The rally follows a dynamic fee proposal announced by Zcash developers and Shielded Labs. The proposal seeks to replace the network’s static transaction fee structure with a dynamic fee market system, aimed at reducing costs and improving transaction efficiency during periods of high network activity, according to the development team’s announcement.
ZCash price surges after shifting from fixed to dynamic fees
Trading volume data indicated heightened participation from both retail and institutional market participants over the 24-hour period. Cypherpunk Technologies expanded its Zcash holdings and appointed Zcash founder Zooko Wilcox as an advisor, the company confirmed.
On-chain data revealed significant accumulation by large wallet holders. One major wallet holder increased its position and transferred tokens to Hyperliquid to establish long positions, blockchain analytics showed. Such accumulation typically reduces circulating supply available for trading.
Zcash currently trades below a resistance level that has previously capped multiple rallies, according to technical analysis from trader Crypto Pulse. A breakout above this zone could lead to further gains toward previous cycle highs, while failure to breach resistance may result in a pullback to nearby support levels, technical indicators suggest.
The cryptocurrency’s price movement stands in contrast to the broader digital asset market, which has shown limited directional momentum in recent trading sessions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Willy Woo: Bitcoin Fundamentals Are Strong But Bottom Not Yet Formed, Warning Current Rally Could Be Bull Trap
Bitcoin analyst Willy Woo points out that Bitcoin's trend is strong, with prices poised to break through the mid-80,000 dollar level. The current rally is mainly driven by the futures market, and short-term capital inflows could trigger volatility. Woo warns that the bottom structure has not yet formed, liquidity indicates that the bear market is still continuing, and the rebound could be a "bull trap."
GateNews28m ago
POLYX Skyrockets 20.5% as Social Buzz Intensifies
POLYX surged 20.5% in five minutes, now priced at $0.052847, boosted by increased social media activity and trading volume of $41.5 million. Traders watch key resistance and support levels for future price movements.
Coinfomania37m ago
HYPE Eyes $48 Rally as Price Hits Critical Point
HYPE rises above $36.50 resistance, showing potential for a 30% rally toward $48.
Trading volume and TVL growth indicate strong market participation and investor confidence.
Top holders reduce positions, signaling possible short-term price corrections despite bullish
CryptoNewsLand1h ago
Ethereum Price Breaks Through $2300, BitMine Increases Holdings and Staking ETF Boost ETH Price Surge
Ethereum (ETH) price broke through $2,300, surging over 10% and reaching a six-week high, with significant institutional buying pressure. U.S. spot Ethereum ETF inflows hit record highs, with active corporate purchases—BitMine acquired nearly 61,000 ETH. Analysts predict ETH has potential for further gains. The overall market recovery is primarily driven by inflows from institutional and corporate capital.
GateNews1h ago
