Key Highlights:
- Zcash surges above the $500 mark today, November 6, 2025.
- OKX launches perpetual futures for ZEC/USDT with 50x leverage.
- Galaxy Digital’s praise and Arthur Hayes forecast also pushed the rally.
Zcash (ZEC) has experienced a significant surge in the last 24 hours and the token has surpassed the $500 mark today, November 6, 2025. The token has hit this mark for the first time since February 2018. There were various reasons behind this rally and onee that stood out were OKX’s launch of ZEC perpetual futures, Galaxy Digital’s bullish analysis that emphasizes privacy adoption, Arthur Haye’s predictions and strong technical breakout signals.
At press time, the price of the token stands at $511.74 with a surge of 22.72% in the last 24 hours as per CoinMarketCap.
Regulators are pushing crypto towards complete transparency, where every transaction is visible. However, many a times, users do not want to disclose their financial activity (especially institutions), so instead of choosing fully transparent blockchains, they are shifting toward privacy coins. Zcash stands out because it can hide transactions while still allowing audits when needed, making it useful for institutions. For instance, Zcash can pass MiCA because it offers privacy with the ability to prove and disclose transactions to regulators when necessary. As more platforms integrate Zcash’s privacy tech, it’s moving from a niche privacy coin to a serious option for privacy at scale.
OKX Launches ZEC Perpetual Futures Launch
On November 6, OKX launches ZEC/USDT perpetual futures that is offering a 50x leverage, which is attracting a great amount of speculated inflow. Even though there has been a 18% drop in the volume compared to the day before, the derivatives product reached $3.54 billion daily volume, and ZEC’s open interest rose by roughly $831.79 million as per Coinglass.
This launch increases liquidity and volatility, amplifying price swings through leveraged speculative trading. While boosting short-term upside potential, it also raises risk of sharp pullbacks due to thin order books and liquidation cascades, making funding rates and order book health key metrics to watch.
OKX 即将上线 $ZEC、$DASH 永续合约交易
DASHUSDT 合约交易开盘时间：2025 年 11 月 6 日上午 11:00
ZECUSDT 合约交易开盘时间：2025 年 11 月 6 日上午 11:15
详见👉🏻https://t.co/nwMeFjFTyb pic.twitter.com/lcRtc5DG84— OKX中文 (@okxchinese) November 6, 2025
Arthur Hayes Endorses Zcash
Arthur Hayes in his recent post linked US liquidity to Bitcoin and Zcash rally. According to him, once the government spending resumes after the shutdown, the liquidity in the market will increase and the prices of BTC and ZEC will rally. He pointed out that the price of Bitcoin had dropped as liquidity was being drained by Treasury General Account’s cash accumulation.
$BTC (yellow) -5%, $ liq (white) -8% since US debt ceiling raised in July. TGA build up sucked $ out of the system. When US gov shutdown ends, TGA will fall +ve for $ liq, and $BTC will rise … and $ZEC will go up MOAR! pic.twitter.com/A9tflGuBHH
— Arthur Hayes (@CryptoHayes) November 5, 2025
Hayes in this post also highlighted that Zcash with its privacy features like zk proofs, could outperform during liquidity-driven market recovery. In his other post, he had also set a $10,000 price target for Zcash which fuelled the social media FOMO and retail interest.
Privacy Adoption and Institutional Hype
According to the report that was issued by Galaxy Digital, over 30% of ZEC supply (which is 4.9 million coins worth about $2.45 billion) is now being held in shielded addresses. This marked increase in shielded pool growth reflects Zcash’s expanding anonymity set, making transaction tracing significantly harder, a crucial feature for institutional investors amid rising regulatory scrutiny of transparent blockchains in 2025.
NEAR has added a new feature that works through Zashi wallet and this new feature makes it easy to move crypto privately between different blockchains. The mix of privacy and smooth swapping is catching the attention of big investors. Galaxy Digital said Zcash is basically being re-valued because privacy in crypto is becoming more important. With new privacy upgrades and faster transaction improvements coming from Project Tachyon, ZEC is looking stronger as a project and as a cryptocurrency.
Also Read: Ethereum Price Holds $3,000 as Whales Accumulate Over $1.1B in Two Days
