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Privacy coins surge: $ZEC leads the rally with a 35% increase, kicking off a violent upward trend
Since May Day, the privacy coin sector has exploded across the board, with ZEC performing the strongest, rising over 35% in 24 hours and breaking through 600 USDT, directly leaving the market several positions behind. The long-lost unilateral rally has returned.
Top venture capital firm Multicoin Capital has been aggressively building positions since February, with its founder stating that the demand for privacy is accelerating. The recent California confiscation of crypto assets has become a catalyst, allowing investors to see the unique value of censorship-resistant assets, with ZEC naturally becoming the best expression of this logic.
Market fluctuations are extremely volatile, with a whale urgently depositing 5 million USDC to cover a margin call, and similar coins like XMR also rising accordingly. This fundamentally driven market attracts a large influx of short-term hot money, and the overall sector trend is very strong.
Protecting privacy is now more important than ever, with big institutions leading the buying, and retail investors following suit, pouring money into privacy coins. Currently, ZEC is the leader, with a good trend, suitable for swing trading, but if policies tighten or the price stops rising, remember to take profits in time! #Gate广场五月交易分享 $ZEC