Zcash Price Soars to $1,500 as Social Volume Hits One-Month High

Zcash price has been steadily climbing towards $1,500 after gaining around 32% from September 15 to 17. The surge in price is accompanied by a significant increase in social volume, reaching a one-month high on September 17.

Santiment data shows that X generated 85% of Zcash mentions on September 17, with activity running 6.8 times above its 29-day baseline. This concentration of attention from X stands out as other platforms saw only 1.7 times the baseline activity.

The disclosure by Paradigm co-founder Matt Huang that his firm holds ZEC added to the momentum behind Zcash price gains. Huang described Zcash as a private complement to Bitcoin and backed long-term developer funding, providing another catalyst for the rally.