Zcash price outpaces visible onchain activity as rising shielded supply (~30%), auto-shielding and institutional accumulation create tight supply; SEC schedules roundtable on privacy

first published 2025-11-21T02:43:02Z

ZEC has rallied strongly while transparent onchain metrics show little growth in unique transparent senders. A brief inscription wave (Zerdinals) temporarily spiked visible txs, but most new activity appears to be repeat actors. Increasing use of Orchard shielded pools via unified addresses, auto-shielding and UX defaults has pushed shielded supply to roughly 30% of total, creating a supply squeeze that may be driving the rally; Monero transaction counts are stable, so this is Zcash-specific.

AI Analysis

Summary facts: ZEC has rallied strongly; transparent senders stayed in a narrow range despite a temporary inscription-driven tx spike; shielded supply has risen to ~30% via Orchard/unified addresses and auto-shielding, creating a visible supply squeeze; Monero txs remain stable, indicating the effect is ZEC-specific. These concrete supply-side shifts support a mildly bullish short-term view and are actionable for traders, so impact is moderate.

Source Articles