Zcash (ZEC) has recently surged in popularity, capturing the attention of investors and analysts alike. Arthur Hayes, the co-founder of BitMEX, has highlighted the currency as a significant asset within his family office, Maelstrom, ranking it as the second-largest liquid holding after Bitcoin. This remarkable shift follows a noteworthy increase in ZEC’s market performance, reviving discussions among prominent investors.
Arthur Hayes Highlights Zcash’s Rising Status
According to market analyses, Zcash has experienced an impressive price increase of over 700% since mid-September, reaching intraday peaks above $700 recently.
This remarkable rise has propelled ZEC back into the top tiers of cryptocurrencies, with market capitalization estimates varying between $9 billion and $11 billion as trading volumes surged significantly.
The renewed enthusiasm surrounding Zcash is attributed to heightened interest in its privacy features, making it a focal point for both retail and institutional investors.
The remarkable growth in ZEC’s price means it is now the second largest LIQUID holding in the @MaelstromFund portfolio, just behind $BTC.
— Arthur Hayes (@CryptoHayes) November 7, 2025
Aspirational Price Targets Steer Investor Interest
In recent discussions, Hayes mentioned an ambitious long-term target for ZEC pricing—an eye-catching $10,000. This bold claim has garnered significant media attention and potentially spurred increased buying activity.
While describing ZEC as Maelstrom’s secondary liquid asset, Hayes refrained from detailing the exact monetary value or percentage share within the overall portfolio.
This ambiguity has left market watchers speculating about the dimensions of Maelstrom’s investment in ZEC.
In a statement shared on X, Hayes remarked:
“Owing to the rapid increase in price, ZEC has ascended to the second largest LIQUID asset in the Maelstrom portfolio, following BTC.”
Renewed Focus on Privacy Coins
The recent price rally has reignited discussions surrounding privacy-focused cryptocurrencies, with Zcash being celebrated for its robust shielded transaction capabilities that enhance confidentiality.
However, it’s critical to note that privacy tokens can introduce additional regulatory uncertainties, prompting some exchanges to implement stricter access controls. This blend of opportunities and potential risks makes ZEC’s rapid appreciation particularly intriguing for investors.
Monitoring Supply Events and On-Chain Movements
Market participants are closely monitoring several key indicators: the on-chain dynamics regarding shielded versus transparent transfers, the flow of assets across exchanges, and the behavior of significant stakeholders regarding coin movement. Additionally, a forthcoming Zcash supply adjustment anticipated in mid-November is expected to reduce miner incentives, a factor that traders believe could exert pressure on supply levels.
Recent volatility in ZEC’s price indicates that gains can be swiftly followed by downturns, leading to fluctuating liquidity during rapid price changes.
The insights from a well-known investor like Arthur Hayes serve to place Zcash in the limelight again, potentially attracting increased investments in privacy-focused cryptocurrencies.
Image courtesy of Pexels, chart sourced from TradingView
