Zcash Price Surges to $858.62 Amid Grayscale ETF Hype

Zcash's price surged to $858.62 after months of building pressure beneath resistance, driven by aggressive buying and futures turnover reaching $5.77 billion.

The rapid advance exposed an overhead liquidity gap, allowing orders to push the price towards $858.62 before sellers responded.

The rally was fueled by Grayscale's ETF announcement, which increased trading activity and speculative positioning became a main driver of the upward surge.

However, social attention for ZEC continued to lag its price increase, with public awareness staying low despite the significant price jump from $362 on June 6 to approximately $796.