Zcash (ZEC) has gained more than 1,000% over roughly the past year, rising from about $60 to nearly $1,700 before retreating below $1,500 and toward $1,400. CoinGecko showed ZEC near $1,412, down 0.4% over 24 hours and 12% over seven days but still up about 70% over 30 days; its market capitalization was near $24 billion and trading volume around $1.31 billion. Accumulation continued during the pullback, with Onchain Labs reporting that a whale received about 41,690 ZEC, transferred roughly 18,730 and retained around 22,960 worth $31.7 million, while receiving another 4,200 ZEC valued at approximately $5.84 million. Grayscale Head of Research Zach Pandl said Zcash’s low starting valuation, potential market size and privacy capabilities could support further market-share gains. Grayscale CEO Peter Mintzberg said the firm’s ZCSH product tripled its assets after its Aug. 25 launch and became the first altcoin exchange-traded product to surpass $1 billion in assets during its first month, although U.S.-listed Zcash ETFs later recorded zero net flows from September 23 to 25 and an approximately $8.12 million single-day outflow.