X-Heavy Zcash Social Surge Raises Questions About Genuine Interest

Zcash's social media presence reached its highest point in a month on September 17, but a closer look reveals that most of the interest came from X platform users.

According to Santiment Intelligence, Zcash (ZEC) saw an increase in social visibility, with 85% of posts concentrated on X. This surge was accompanied by a 10% price rise for ZEC on the same day, and a total increase of around 32% between September 15-17.

However, Santiment noted that the activity surrounding Zcash appears to be driven by repetitive application texts seen in posts on X. These posts featured new ticket numbers but the same text, which suggests that the interest may not be as genuine as it seems.

The source emphasized that a broad-based interest would typically result in similar increases across all platforms, but in this case, the movement was heavily concentrated on X. Therefore, while Zcash's social surge indicates increased attention towards the asset, it does not represent a widespread movement spread equally across platforms.