ZEC just became one of the most traded assets in crypto: here’s why I reloaded

I was checking the volumes and honestly, $ZEC caught my attention hard.

Grayscale filed for the first Zcash spot ETF at the end of 2025. That’s massive for a privacy coin. On top of that, we’re seeing record trading volumes lately (often #1 or #2 on perps), a +30% pump in a single day on May 6th with a new 2026 high around $550–580, and the shielded supply exploding (now close to 30% of circulating supply).

Multicoin Capital also revealed a serious position they’ve been building since February, which clearly triggered a short squeeze.

Personally, I think the narrative is extremely strong: in a world where CBDCs and surveillance are becoming the norm, ZEC’s shielded transactions make more and more sense. The combo of ETF catalyst + real momentum + privacy narrative is one of the strongest I see right now.

I’m not saying it’s guaranteed, but the risk/reward for those who move now looks really attractive.

I reloaded my position yesterday on Bitget.

What about you? Are you still sleeping on $ZEC or are you already in?