Zcash (ZEC) is trading at $806.98 down 4.36% over the past 24 hours. Its Galaxy Score is 46.9, LunarCrush's combined measure of market and social performance. Over the last 24 hours it has seen 5.9M engagements and 9K posts with 79% positive social sentiment.
AI summary: Zcash (ZEC) is a privacy-focused Layer 1 proof-of-work cryptocurrency that uses zero-knowledge proofs to enable fully encrypted, shielded transactions on a public blockchain. ZEC's parabolic 27.68% daily surge to ATH $877.50 is driven by three converging forces: anticipation of the Grayscale spot ETF launching August 25th drawing institutional capital, the Ironwood migration locking ~90% of supply in shielded pools creating a scarcity floor near $500, and a violent short squeeze amplified by ~$10B in futures volume.