BitMEX co-founder Arthur Hayes reveals Zcash is now the second-largest holding in his family office, trailing only Bitcoin. Zcash has surged from $137 to over $730 in the past month, up more than 400%. Other privacy coins like Dash and Decred have also seen strong gains, while Bitcoin and Ether remain range-bound. ZEC now trades at $548, down 11.8% in the past 24 hours, with a market cap of $8.9 billion.

Zcash’s circulating supply is 16.28 million ZEC, with a maximum supply cap of 21 million. The token’s fully diluted valuation is around $11.5 billion. Zcash’s hybrid model supports both transparent and shielded transactions, making it a popular option. The recent resurgence of Zcash has been driven by rising public concern over government surveillance and data control, fueling a grassroots privacy movement. Zcash Foundation executive director Alex Bornstein emphasized that the foundation had no involvement in the renewed attention surrounding ZEC.

Read more at Cointelegraph: Arthur Hayes Says Zcash Is Now His Second-Largest Holding After Bitcoin