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Katie_OKX
#ZECBreaksIntoTop10 ZEC entering the top 10 by market cap—and moving ahead of DOGE—wasn’t something I expected to see this quickly 👀
Spot ZEC/USDT touched $1,225 on OKX, while Grayscale’s Zcash spot ETF has steadily increased its holdings from about 388,000 ZEC at launch to 428,600 by September 3.
What caught my attention is how much the story has shifted. Zcash is no longer moving only on privacy-coin narratives; regulated access and institutional holdings are now part of the conversation too 🔐
There’s also a concentration question. Winklevoss-backed Cypherpunk Technologies reportedly operates the largest ZEC mining cluster, representing around 18% of network hashrate. That doesn’t automatically mean control, but it’s worth watching as ZEC becomes more prominent.
Even after this move, Grayscale notes that ZEC remains below 1% of Bitcoin’s market cap.
The ranking is impressive. I’m more curious whether adoption and network participation can grow alongside the valuation.
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