$ZEC at $351, do you want to chase?

A big bullish candle pushed it to $351.91, accompanied by a massive trading volume of $22.7 million. Developers are still desperately working on post-quantum cryptography, privacy pools locked up $518 million, hitting a new high, but the threat of regulation still hangs overhead. A single mining pool controls nearly 30% of the hash power—are these old hands in privacy coins finally turning the tide, or is this the last dance to push the price up before dumping?

First, look at the surface: a violent one-hour surge, but don’t get carried away.

In the past hour, ZEC jumped directly from around $340 to $351.91, a 3.5% increase, with $22.7 million in volume stacked there—buy orders are indeed fierce. But from the low of $15.97 in 2024 to the high of over $700 at the end of 2025, then falling back to the current $350—how many people got caught in this rollercoaster?

First thing: institutions are secretly buying, and once they buy, they don’t let go.

Cypherpunk Technologies (the fund of the Winklevoss brothers) publicly increased its holdings to 1.82% of circulating supply. Foundry Digital— the world’s largest Bitcoin mining pool—launched a ZEC mining pool in April, capturing nearly 30% of the total network hash rate within a month. Arthur Hayes’s fund is also buying.

Second thing: privacy pools hit a new high, locking in $518 million.

Over 35% of the circulating supply is shielded/locked, and during the price correction, over 8,000 more ZEC entered privacy pools.

Third thing: the regulatory threat may have already been cleared.

In January this year, the SEC officially closed its nearly two-year investigation into the Zcash Foundation, with no enforcement actions. The biggest vulnerability for privacy coins—regulation—is loosening. ZEC’s “optional privacy” design has become an advantage, making it more compliant than Monero.

On one side, institutions are accumulating, privacy pools hit new highs, and regulation is easing.

On the other side, a single mining pool controls nearly 30% of hash power, short-term profit-taking could dump at any time, and privacy coins could become targets for politicians.

The key zone is $330–$340—this is the lifeline for bulls and bears.

If you’re a short-term trader: build positions in batches at $330–$340, first batch at $330–$335, second at $320–$325, and cut losses decisively if it falls below $310. Target first $370–$389, then reduce positions by 30%, and look at $450.

If you’re a long-term investor: below $300 is a strategic bottom. Lightly test this level now, add more if it drops. Halo upgrade hasn’t been implemented yet, and privacy ETF rumors are still circulating. The main rally hasn’t come—what are you rushing for?

ZEC right now is like SOL in 2020—90% of people think it’s going to zero, 10% are quietly adding positions. #山寨币强势反弹 $ZEC