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Zcash soars 2,389%, pressuring $47M short sellers amid a decade-high rally

Market News
07 Sep 2026
Tokenpost
View Source
Bullish
Zcash soars 2,389%, pressuring $47M short sellers amid a decade-high rally

Zcash (ZEC) has surged 2,389% over the past year, reaching prices above $1,200 for the first time since 2016. This sharp rally has put significant pressure on major short sellers, including a trader holding a $47 million short position that faces liquidation if prices rise further. Despite losses, some short sellers have increased their bearish bets, but continued bullish momentum could force these positions to close. The rally highlights strong investor interest in privacy-focused cryptocurrencies and potential volatility ahead.

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