Crypto analyst Cape didn’t hold back. He described Zcash as one of the biggest “exit pumps” of the cycle. He noted that Zcash was quietly removed from major exchanges like Binance, OKX, and Kraken between 2023 and 2024, largely due to compliance issues. During that period, the ZEC price slowly bled down to around $30.
Interest faded. Most traders moved on. Then, almost out of nowhere, the narrative flipped. Influencers across crypto Twitter started talking about “privacy coins” at the same time.
Zcash became the center of attention again. What followed was a huge move, a 1,200% rally that pushed the ZEC price close to $600 in just a few months. Cape pointed to one moment in particular: the relisting on OKX. The same exchange that had previously removed ZEC brought it back right near the top.
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