Zcash Soars 20% After Paradigm's Matt Huang Reveals Firm's Investment

Zcash's price surged by over 20% in the past 24 hours after Paradigm co-founder Matt Huang revealed that the firm made an investment in ZEC, the privacy-focused token.

The move comes as the broader crypto market also saw gains following a Federal Reserve rate hike. Meanwhile, privacy coins like Zcash have been outperforming other assets, with their sector value increasing by 213% above its level at Bitcoin's October 2025 peak, according to Glassnode data.

Huang described Zcash as a 'private complement to Bitcoin' and expressed support for its inflation-funded developer fund. He also suggested combining Zcash coin voting with other forms of governance to reduce unpredictability as a monetary asset.