Zama Protocol surges 27% as whales and institutions boost buying amid token unlocks.

Zama Protocol (ZAMA) rose over 27% in 24 hours, driven by strong buying from whales and institutions like Multicoin Capital. Despite daily token unlocks releasing 80% of the supply gradually, demand remains high, pushing ZAMA to a new all-time high of $0.05171. The token broke out of its ascending trend channel, showing bullish momentum, but with only 7.64K holders, a price retracement to around $0.045 is possible. The surge highlights growing interest in privacy-focused crypto projects and cautious optimism amid supply unlocks.