Key Highlights:
- Zcash’s price is up by 13% in the last 24 hours, outperforming major cryptocurrencies.
- Shielded supply of Zcash has surpassed 4.5 million ZEC.
- Analysts believe that if shielded supply crosses 30%, Bitcoin-halving like scarcity can be expected for Zcash.
Zcash (ZEC) is continuing its strong October rally through this week as it rose about 13% while most of the other major cryptocurrencies experienced a pullback. The privacy-focused token just crossed a significant mark in shielded supply, a development that has been fuelling renewed interest in scarcity and on-chain privacy during uncertain market conditions.
At press time, the price of the ZEC token stands at $358.31 with a jump of 13.37% in the last 24 hours as per CoinMarketCap.
Shielded Supply Growth Strengthens Bullish Case
According to data that was published yesterday, October 29, 2025, Zcash’s shielded pool, the part of its supply that is held in private, zero knowledge (zk-SNARK)- protected addresses, has now managed to cross a significant mark. It has exceeded 4.5 million ZEC, which is equivalent to roughly $1.53 billion dollars at current prices. This marks a 1 million ZEC increase since October and represents a 29% month-over-month rise and locking up about 27.5% of the total circulating supply.
This rapid growth has become one of the strongest bullish signals that is currently driving recent price momentum. Because shielded coins operate inside Zcash’s privacy layer, they are harder to move and far less liquid, which reduces immediate selling pressure on exchanges. Electric Coin Company (ECC) CEO Josh Swihart summed up the trend stating: “Those who shield don’t sell.”
The main idea here is that privacy oriented users tend to hold their tokens for a long-term. This strengthens Zcash’s scarcity dynamics. With only 21 million ZEC ever to be issued, mirroring Bitcoin’s hard cap, roughly 16.3 million coins currently remain liquid. Should the percentage of shielded coins surpass 30% analysts expect the network’s effective circulating supply to tighten further, potentially amplifying market scarcity and price support.
Expanding the shielded pool makes the network stronger by increasing the overall anonymity set; the more coins that move into private addresses, the harder it becomes to trace activity. This creates a reinforcing cycle: more users choose privacy, privacy becomes more effective and Zcash’s utility grows.
Arthur Hayes Sparks FOMO with Bold $10,000 ZEC Call
The rally can also be attributed to Arthur Hayes’ endorsement of the project. According to the co-founder of BitMEX, ZEC could reach $10,000. Due to this post, momentum picked up and the price of the token surged. Privacy coins like Zcash could become more valuable as governments bring in strict rules over crypto. As Hayes is a well-known name in the industry, it grabbed significant attention and sparked FOMO due to which people started buying ZEC tokens and the price of the token went up.
Market Performance and Outlook
ZEC has outperformed most of the major altcoins recently. After trading near $50 dollars in September, the token price jumped back up to $350 in late October which has been its biggest monthly rally since 2021. This surge has been driven by tighter supply, institutional interest, and renewed demand for privacy-focused assets.
The analysts and the crypto community are more focused on the percentage of ZEC that is locked in shielded addresses. If the ratio stays above 30%, it could create a sense of scarcity similar to Bitcoin’s halvings, not because of reduced issuance, but because private coins are harder to sell.
Regulators are still debating how to handle privacy tech, but according to the market trend, Zcash is being treated as both a scarce asset and a hedge against data exposure.
Also Read: Cardano Price as Whale Selling and Futures Unwinding Deepen Losses
