The Real Reason Zcash (ZEC) Is Pumping

On May 5th, one of the most respected cryptonative funds in the world quietly admitted what almost nobody on financial Twitter wanted to hear. Multicoin Capital had been accumulating Zcash since February. And within 72 hours of that disclosure, ZEC tore through $600 for the first time in nearly a decade, triggered roughly $62 million in short liquidations, and briefly flipped Monero to become the largest privacy coin on the market.The chart now reads plus 56% in 30 days, plus 144% in 90 days, and plus 1,255 ...