ZEC Token Surges 8.94% as Whale Accumulation and High Volume Signal Strong Market Rebound

ZECUSDT has experienced a notable price increase of 8.94% over the last 24 hours, currently trading at $382.84 on Binance, with a 24-hour open of $351.41 and strong trading volume exceeding $500 million. The price surge can be attributed to several factors, including significant whale accumulation as large holders and mega-whales have increased their positions, widespread liquidations of short positions that reduced market leverage, and Zcash's prominent feature in MEXC's top gainer promotion driving additional exchange interest. Despite ongoing regulatory scrutiny, particularly India's recent move to ban privacy coins like Zcash, positive market sentiment has persisted, supported by technical indicators showing trend reversals, improved network reliability, and ecosystem developments such as the Winklevoss twins' $1.16 million donation. Retail exposure has declined, but sustained whale buying and increased trading activity suggest a robust rebound in market confidence. Zcash maintains a market capitalization near $6 billion, a circulating supply of approximately 16.5 million ZEC, and remains among the leading privacy-focused cryptocurrencies by trading volume and market cap ranking.