Key takeaways
- BitMEX co-founder Arthur Hayes said Zcash (ZEC) has become Maelstrom’s second-largest liquid holding.
- The rise in the price of the coin stands out against the backdrop of a collapse of the entire market.
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BitMEX co-founder Arthur Hayes has revealed that Zcash (ZEC) now ranks as the second largest liquid asset in his family office Maelstrom’s portfolio, behind Bitcoin, following a strong appreciation in its price.
Zcash has re-entered the top 20 cryptocurrencies with a market capitalization of $9.4 billion. The coin briefly surpassed Hyperliquid on Friday before HYPE regained the lead. This milestone comes amid a broader market slowdown, with Zcash up more than 700% since early October.
Zcash has received renewed interest as a leading privacy coin amid discussions about improving transaction anonymity in the crypto space.
Hayes has publicly highlighted Zcash’s role in reshaping portfolio allocations toward assets with strong privacy capabilities, as the privacy trading narrative gains momentum in crypto markets.
