Zcash has surged back above $520 after a sharp rally and drop to $400 level. Winklevoss Capital-backed Cypherpunk Technologies sets up the first ZEC treasury, marking a new phase for privacy coins.
Zcash Reclaims $520 as Winklevoss-Backed Firm Launches First ZEC Treasury
Zcash (ZEC) recently gained attention after its price rose from $40 to $723 in under two months. The coin rose approximately 1,700%, marking a 7-year high. However, sharp resistance caused Zcash to drop by over 37% to the $400 level, following significant profit-taking by early investors.
However, the market is steady, currently around $520, as investors eye further gains. According to recent reports, Nasdaq-listed Leap Therapeutics launched the first ZEC digital asset treasury (DAT) with backing from Winklevoss Capital. This move introduces institutional interest, but will it provide a floor for ZEC’s price?
Zcash Price Performance
As of this writing, Zcash (ZEC) is trading at $520.03, up by over 11% in the past 24 hours, according to data by Coingecko. The leading privacy crypto has recorded an intraday high of $543 and an intraday low of $448, signaling that bulls are regaining control in the current market.
Zcash (ZEC) Price sits at $520.03 | Source: CoinCheckup
Additional data from TradingView shows that the 20-day EMA provides immediate support around the $451 zone. Nevertheless, in the event of a further price decline, the next safe net might be around $325, which aligns with the 50-day EMA.
On the positive side, a break of up to $600 might open the door to another multi-year high. However, the price must clear some key resistance levels to achieve another parabolic rally.
Leap Therapeutics Launches First ZEC DAT
Nasdaq-listed Leap Therapeutics became the first ZEC-focused digital asset treasury (DAT). As confirmed on November 12, the firm purchased 203,775.27 ZEC, marking the start of its venture into Zcash. The firm spent $50 million from a private placement to acquire these assets at $245.37 per coin.
Additionally, the firm also rebranded to Cypherpunk Technologies to align with its new business operations. Cypherpunk’s shares under the ticker CYPH are set to begin trading on Nasdaq on November 13, 2025.
https://x.com/0xMert_/status/1988593585739190404
Winklevoss Capital executives, Khing Oei and Will McEvoy, also joined Cypherpunk as board members. Their involvement adds oversight to the privacy-focused DAT. This DAT could potentially boost the long-term holding of ZEC, a move that is set to lower short-term selling pressure.
EV2 Token Presale Continues To Gain Steam
Earth Version 2(EV2) is a Web3 game developed by Funtico, set to be powered by the $EV2 token. The $EV2 token presale is set to distribute 40% of the total supply, giving early participants early access to the game. EV2’s total supply is fixed at 2.88 billion tokens.
EV2 gameplay features five main chapters (one chapter per map). In “Fracture”, for instance, 25 players compete to collect colored cubes and craft secret relics. The carrier is visible and must survive while others attempt to steal the relic. Tokens are used for crafting, upgrades, and marketplace trades.
The game also allows players to customize their combat suits, which are classified into five classes (e.g., Assault, Stealth, Support, Tank). All the suits are customizable through upgrades. The EV2 token can be used for crafting, upgrades, and trading on the marketplace.
Early presale buyers gain access to combat suits, battle passes, and exclusive features before even the actual launch. While earlier titles were launched on Avalanche, the $EV2 token presale is issued on Ethereum. Early investors can use ETH, USDT, USDC, BTC, BNB, and SOL to purchase the $EV2 token in the presale round.
ZEC vs EV2 Token – Different Roles, Real Utility
Although ZEC and EV2 are used for distinct purposes, both are highly useful in their respective industries. ZEC is a utility coin that offers privacy by guaranteeing shielded transactions. It leverages a cryptographic method called zk-SNARKs to conceal transaction details, including amount, sender, and receiver.
The coin has gained traction as the demand for privacy assets rises. According to a recent post by Bitcoin News, analyst @al62crypto notes that Google searches for “crypto privacy” have reached record levels.
In tandem, Zcash’s shielded supply has surpassed 4 million ZEC, signalling its growing role in the privacy sector.
Privacy demand in crypto explodes as Google searches rise and Zcash’s shielded supply soars | Source: X
On the other hand, the EV2 token serves as a gaming utility token for Earth Version 2. Players can use it for upgrades, crafting, marketplace trading, and competitive play.
EV2 Token Presale
Website: https://ev2.funtico.com/
Telegram: https://t.me/EV2_Official
Twitter/X: https://x.com/EV2_Official
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