Paper Zcash Piles Up on Solana
Zcash traded above $1,200 with its market capitalisation topping $20 billion — its highest since 2016, per Cointelegraph — as coverage described the privacy sector as the only crypto segment trading above its 2025 high, with Glassnode putting the median altcoin 58% below its level at Bitcoin's peak. Coverage separately cited roughly $113 million of Zcash now existing as bridged copies on Solana, with ZEC spot volume there at $64 million; attribution of the rally spanned ETF demand, a short squeeze and sector rotation.
Zcash on Solana: $113M of Copies With No Privacy
The number everyone is cheering is $20 billion.
The number that should give a Zcash buyer pause is $113 million.
That is roughly how much Zcash now lives as a copy on Solana, per coverage — moved there by a bridge.
A bridge locks the real coin on one network and mints a stand-in on another.
Bridges are the most robbed structures in crypto. Billions have been lost to them.
Yesterday's Liquid drain showed the model: coins in a vault, released by whoever satisfies the vault's rules.
Here is what the copy gives up.
You buy Zcash because shielded transactions hide sender, receiver and amount.
The bridged copy on Solana has none of that. Solana's ledger is public. The wrapper is transparent.
So the copy carries Zcash's price and none of Zcash's privacy.
And the real coins backing it sit locked in one contract — a $113 million target, in the open.
The rally is pricing the ticker. The plumbing is quietly rebuilding the thing the ticker was meant to escape.
Multi-media snippets
Zcash price surges past $1,200, reaching top 10 market cap
8 sources
- Solana spot volume for ZEC hits $64M, ranks fourth among centralized exchanges · cryptobriefing.com · T2
- Monero (XMR) Overtakes Chainlink (LINK) Despite 15% Surge · u.today · T2
- Privacy Sector Emerges as Crypto’s Only Gainer Above 2025 High, ZEC Leads With 2,496% Surge · blockonomi.com · T2
- Zcash price surges past $1,200, reaching top 10 market cap · youtube.com · T3
- Zcash hits highest price since 2016 as market cap tops $20B · cointelegraph.com · T1
- Privacy sector surges 213% as Zcash leads crypto recovery · fxstreet.com · T2
- The median altcoin is 58% below its price at the BTC high. · x.com · T3
- Zcash ETF inflows surge as privacy coins outperform Bitcoin and wider crypto sector · en.coin-turk.com · T2
