Zcash price rally pushes the privacy coin to a $10.3 billion market cap. It is now the second-largest crypto holding for Arthur Hayes’ family office.
The recent price rally experienced by Zcash has been significant. Amaelstrom has made Evergreen the second biggest crypto holding. Hayes’ family office is called Maelstrom. Arthur Hayes made this known on November 7 through X. He validated the altcoin’s meteoric rise in price. This surge brought it up to second among Maelstrom’s largest holdings.
Hayes is the co-founder of crypto derivatives exchange BitMEX. He is also the Chief Investment Officer of Maelstrom. Therefore, his public statement has a large weight in the market. The altcoin’s fast-growing respect in value was confirmed by Hayes. He said that $ZEC is now the 2nd largest LIQUID holding. This place is the second, only after BTC in the Maelstrom portfolio.
Hayes’ remarks came after Zcash continued to produce another bullish reversal on Friday. The native coin of the privacy coin hit a new high of $656. As a result, ZEC’s rally was unusually long.
It has set a record high price since 2018. The present levels are basically at eight-year highs. Further, ZEC has gained more than 63% in the past week. The rest of the cryptocurrencies have been slumping recently. However, traders are eagerly predicting privacy tokens. Zcash is clearly a leader in this charge among privacy-enabled digital assets.
Related Reading: Crypto News: Zcash (ZEC) Surges 20% After Arthur Hayes Sets Bold Price Target | Live Bitcoin News
According to CoinMarketCap, Zcash peaked at $655 earlier on Friday. As a result, it became the market cap of approximately $10.6 billion.
The rally had slightly abated when this was written. The price retraced to $632. This takes the asset’s valuation to $10.3 billion. Therefore, it is the 12th largest crypto asset in terms of market cap.
The price explosion has placed Zcash among the leading 20 cryptocurrencies by market cap. This results from increasing institutional demand. Specifically, that future Zcash halving is a contributing factor.
The cryptocurrency has seen a dramatic increase. It grew more than 400% from October 2025. As a result, the privacy narrative is gaining significant traction with the big money.
It is confirmed that Zcash (ZEC) boomed and became Hayes’ second-largest asset. This confirmation is based on the latest market behavior as of Friday, November 7, 2025. Thus, the confidence that Hayes had in the asset is clearly demonstrated.
Zcash is currently valued above the $10 billion mark. This comes at a time when the price broke the $600 barrier sharply upwards. Therefore, the $10.3 billion number is properly representative of its current value.
Lastly, Zcash’s massive rally underscores its rise in institutional adoption. Maelstrom’s role in its valuation of $10.3 billion, in addition to its presence in its portfolio, is an indication of firm’s belief. Ultimately, Zcash’s surge to a $10.3 billion market cap marks a defining moment for privacy-focused cryptocurrencies. Thus, the emphasis on privacy assets is steadily growing in the digital finance industry.
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