Zcash (ZEC) has surged 177.8% in the past month, causing significant losses for traders betting against it. One major short position lost $10.68 million, while others face millions in unrealized losses as ZEC trades near $1,563 with a market cap of $26.47 billion. The rally is driven by strong spot buying, large withdrawals from exchanges, and growing institutional interest, including $98.2 million inflows into Zcash ETFs. Social media interest has also spiked, highlighting increased attention on the cryptocurrency as leveraged traders remain exposed to potential further price moves.
Zcash's recent surge contrasts with Pluang's broader crypto market data. As of Sep 20, 2026 02:31 WIB, 34 of 50 major cryptocurrencies on Pluang rose today. Notable movers include ETC at Rp150.841 (+5.39%), COMP at Rp380.540 (+5.09%), and COTI at Rp341 (-5.72%).
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