Zcash<\/a> (ZEC)<\/strong> has recorded a +30%<\/strong> surge in just a few days. The token has broken through the $575<\/strong> mark. This is its highest level in several months. This performance vastly outperforms Bitcoin<\/a><\/strong> and Ethereum<\/a><\/strong> over the same period. ZEC is suddenly back in the spotlight. For those who understand cryptocurrencies, this kind of divergence deserves serious analysis.<\/p>\n\n\n\n The catalyst is clearly identified. Multicoin Capital<\/strong> revealed that it has been accumulating a significant position in ZEC since February 2026<\/strong>. This top tier institutional fund does not speculate blindly. It is betting on a growing demand for censorship resistant<\/strong> assets. Cypherpunk ideals are finding an institutional audience once again. This signal is structurally important.<\/p>\n\n\n\n The network fundamentals confirm this thesis. Over 30% of the total supply<\/strong> of ZEC is now stored in shielded addresses<\/strong>. This concentration mechanically reduces the available public supply. Less supply meeting growing demand creates a favorable liquidity shock. The current bull run has solid foundations.<\/p>\n\n\n\n