- Hayes elevates Zcash to his second-largest holding after a 920% six-month rally.
- ZEC trades near multi-year highs despite a sharp 11% daily decline in price.
- Trading volume drops 51% as ZEC stabilizes around $466 with strong support near $450.
Arthur Hayes, co-founder of BitMEX, has intensified his focus on Zcash (ZEC), calling it the second most important asset in his family office portfolio after Bitcoin (BTC). Hayes has been vocal in his support for the privacy-focused cryptocurrency in recent months, stating that ZEC has the potential to reach $10,000 in the future.
In a recent post on X, Hayes said he remains “slightly below” his target investment level and may increase his holdings if prices retrace to the $300–$350 range.
A chart shared by Hayes shows Zcash climbing from under $50 to $461.12 on Binance, reflecting a 920% rise, according to TradingView data. The cryptocurrency added 3.99% in a single day, increasing by $17.69, exceeding $600 in early October before consolidating.
The rally, which began in late August, produced a total gain of $415.96 over six months, with consistent buying momentum and increased trading volume. Despite prolonged pullbacks, ZEC continues to trade near multi-year highs, outperforming most major digital assets during the second half of 2025.
Related: Zcash Whales Buys $30 Million Worth of ZEC on Binance After $28M Liquidation Flush Resets Market
ZEC Becomes Maelstrom’s Second-Largest Liquid Asset
This follows a previous update from Hayes, where he noted that Zcash had become the second-largest liquid holding in his family office, Maelstrom Fund, trailing only Bitcoin. “Due to the price rise, ZEC is now the 2nd largest LIQUID holding in MaelstromFund portfolio behind BTC,” he wrote.
However, according to CoinMarketCap data, ZEC has recorded a decline of 11.35% over the past 24 hours, trading at $466.31, with a market capitalization of $7.6 billion. The daily trading volume reached $2.33 billion, a 51.78% decline from the previous day, reflecting reduced activity following recent highs.
Zcash’s circulating supply stands at 16.3 million coins, 78% of its total 21 million cap. The asset’s 24-hour chart shows a high of $519 and a low near $450, stabilizing at around $466.
Related: Arthur Hayes Says ZEC Price is Coded for $10k; Here’s Why
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