The post ZEC extends rally even as BTC price slips appeared on BitcoinEthereumNews.com.

ZCash (ZEC) looks like the sole survivor of the crypto market. The coin expanded close to $480, as its climb is not affected by the overall market fear.  ZCash (ZEC) once again moves against all market logic, returning to the $480 range. The coin rallied despite the dip of BTC to $105,000, moving on its own market logic.  Bridged ZEC on Solana briefly broke above $500, boosted by general hype and a whale-sized order. | Source: CoinGecko. ZEC relies on active derivative trading, with open interest rising to over $582M. However, spot buying and accumulation is also happening, with a few hundred coins each day added to shielded pools. ZCash mining is also at an all-time high, with the hashrate reaching a record. At the current stage, the ZCash community is showing true belief, but there are still skeptics who see the ZEC rally as an attempt at finding exit liquidity.  ZEC rises on Solana-based activity The two main sources of ZEC activity are derivative trades, and DEX trading on Solana. ZEC has become a DeFi token, though at much smaller volumes. However, this is also one of the main sources for making whale-sized orders and swaying the price.  ZEC on Omni Bridge has a supply of 28,280 coins, with a total valuation above $13M.  Recently, a whale made a $300K order, buying ZEC at $600, breaking above all other platforms. Previously, whale buyers have also boosted ZEC.  Solana has now become the main decentralized venue for trading ZEC, with volumes recently posting a record. However, the DEX market remains much smaller compared to other listings for ZEC.  On Solana, the ZEC narrative has replaced the meme token hype, after the trenches slowed down. Now, ZEC is seen as a potential source of liquidity and interest in DEX trading. The…

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Filed under: News - @ November 4, 2025 10:28 am