An on-chain address increased its ZEC short position again on March 17-18, currently holding approximately 17,157 ZEC with unrealized losses of $800,000, making it the largest short on-chain. The address has been consistently shorting ZEC and previously experienced significant unrealized losses before gradually turning profitable. The address also holds short positions on ETH.

Gate News bot message, A newly created wallet withdrew 14,360 ZEC tokens valued at $3.95 million from a centralized exchange 2 hours ago.

On March 17, in the cryptocurrency market, Zcash (ZEC) showed the largest gain with an increase of 14.40%, while Pi (PI) experienced the largest decline with a decrease of 8.65%. The overall market showed significant volatility.

Cypherpunk Technologies' 2025 financial report shows that as of March 12, 2026, it holds 294,743.1 ZEC, representing approximately 1.78% of the total circulating supply. Net profit was $4.8 million, primarily driven by $50.4 million in unrealized gains from the fair value increase of ZEC tokens.

On March 17, the cryptocurrency market rebounded significantly due to substantial ETF inflows, with total market capitalization breaking through $2.50 trillion and reaching a six-week high. Bitcoin price briefly approached $75,000, potentially facing pullback risks in the short term. Privacy asset Zcash performed exceptionally well, with gains reaching 18%. OpenSea delayed its token issuance plan to address market uncertainty. The U.S. SEC is considering easing corporate financial disclosure requirements, which could benefit risk assets. The market still faces headwinds and profit-taking pressure.

As of March 17th, Zcash (ZEC) was trading at $274.71, up 19.57% in the last 24 hours. The project focuses on privacy protection, supporting private payments, and has gained market attention amid rising demand for privacy assets. The positioning of large holders reflects long-term confidence in the project. Recent changes in the development team have caused price volatility, but market confidence in Zcash is gradually recovering.

On March 16, Zcash (ZEC) is trading at $229.42, up 8.17% in 24 hours. The coin employs zero-knowledge cryptography technology to protect user privacy. Recently, it raised $25 million to support ecosystem development, while the development team has undergone personnel changes, and governance mechanisms are continuously being optimized.

On March 10th, the Zcash ecosystem secured $25 million in funding, attracting several well-known investment institutions, which contributed to approximately a 10.9% increase in ZEC price. The funds will be used to expand the engineering team and accelerate protocol development. Despite the funding boost boosting market confidence, ZEC's decline in early 2026 still exceeded 57%. Long-term support will depend on the practical application of privacy technology and market demand.

Gate News Announcement, March 10th, Hyperliquid has launched Zcash (ZEC) spot trading today. Currently, the platform only supports deposit and withdrawal functions for non-cryptocurrency ZEC.