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Zcash jumps 20% to $1,020, triggering $34M in short liquidations amid Grayscale ETF surge

Market News
04 Sep 2026
Crypto Briefing
View Source
Bullish
Zcash jumps 20% to $1,020, triggering $34M in short liquidations amid Grayscale ETF surge

Zcash surged 20% on September 4, reaching $1,023, its highest price in nearly a decade, fueled by $34.5 million in short position liquidations. The rally coincides with the strong performance of Grayscale's newly launched Zcash Trust ETF, which has climbed about 25% since its August 25 debut. Zcash's trading volume hit $1.2 billion in 24 hours, with market cap around $17 billion, and the token has gained nearly 96% in the past month and over 2,300% in the past year. The rise in shielded supply to 29% of total ZEC highlights growing privacy use amid this price surge.

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