ZEC Token Surges 3.61% as Whale Inflows Hit $31M and SEC Investigation Concludes

In the last 24 hours, ZECUSDT rose 3.61% to $366.43, with a 24h open of $353.66, according to Binance data. This price increase is attributed to significant whale inflows, totaling $31 million recently, and renewed buying interest in short-term futures contracts. Positive sentiment has been driven by technical analyses signaling a potential breakout and bullish indicators such as rising whale holdings and accumulation patterns. Additional ecosystem developments, including the SEC's conclusion of its investigation with no enforcement action, recent leadership changes, and new wallet integrations, have further supported market confidence. Zcash’s market capitalization is approximately $6.03–$6.05 billion, with a trading volume between $338 million and $526 million over the past day, despite a notable decrease in activity compared to the previous period.