Zcash soared more than 40% on May 6, hitting a $600 peak and briefly propelling its market capitalization to $10 billion.
Key Takeaways:
ZEC surged 40% on May 6 to hit $600, briefly pushing its total market capitalization to $10 billion. Multicoin Capital built a major ZEC position, citing its seizure-resistant fit for the 2026 market. Analysts suggest ZEC could rally further to eclipse its 2025 peak of over $700 if momentum persists. Market Mechanics and LiquidationsMarket data show ZEC, which traded around $350 at the start of the month, saw its initial spike toward the evening of May 5, jumping from $430 to $520 in approximately two hours. It rose gradually to $541 for the remainder of the day into the early hours of Wednesday. A second wave ultimately propelled ZEC to $600, briefly pushing 24-hour gains past 40% and its market capitalization to $10 billion.
The listing of ZEC on Robinhood, which opens access to millions of retail investors, is also cited as a catalyst for the latest surge.
