Zcash tops $1,400 for the first time, up 21.28% on the week
- —ZEC trades at $1,427.73, up 14.62% in 24 hours
- —Zcash gained 21.28% over the week
- —Garrett Jin withdrew ~35,000 ETH from Binance and deposited them into Hyperliquid
- —The market is discussing the use of ETH to fund a short on ZEC
Why it matters: Zcash is setting a record high amid hype around privacy coins, but a large short funded through ETH creates a risk of sharp liquidations.
Source: Bloomingbit