ZEC -5.17% in 24H Amid Major Corporate Adoption and Privacy Coin Rally

On NOV 13 2025, ZEC dropped by 5.17% within 24 hours to reach $478.87, ZEC dropped by 20.29% within 7 days, rose by 18.35% within 1 month, and rose by 751% within 1 year.

Major Institutional Commitment to Zcash Treasury Strategy
Leap Therapeutics has officially rebranded as Cypherpunk Technologies and committed $50 million to a Zcash (ZEC) treasury strategy. The firm acquired 203,775.27 ZEC at an average price of $245.37 per token, representing approximately 1.25% of the total ZEC supply. The company plans to continue accumulating Zcash until it owns at least 5% of the total supply. The rebranding is part of a broader corporate strategy to pivot into the privacy-focused digital asset space.

The investment was made possible through a $58.88 million private placement led by Winklevoss Capital. As part of the rebrand, the company will trade under the ticker symbol CYPH on Nasdaq, effective November 13, 2025. The firm has also undergone leadership changes, with Khing Oei appointed as Chairman and Will McEvoy as Chief Investment Officer. Both Oei and McEvoy bring extensive experience in digital asset management and have expressed a strong commitment to long-term value creation through Zcash.

Privacy and Zcash: Tyler Winklevoss’ Vision
Tyler Winklevoss, co-founder of Gemini, emphasized the strategic importance of Zcash, describing it as “encrypted Bitcoin” or “digital cash.” He highlighted the role of privacy in safeguarding individual freedoms in the digital age, noting that privacy is the “silent precondition of freedom.” Winklevoss believes that Zcash complements Bitcoin by offering a means to privately transact value, in contrast to Bitcoin’s transparency. He further projected that Zcash could capture a meaningful share of Bitcoin’s market capitalization, especially as Bitcoin’s price is anticipated to surge to $1 million per BTC over the next five to ten years.

Winklevoss also framed Zcash as essential for navigating the challenges of the AI era. He argues that the increasing reliance on digital systems and AI makes privacy a more critical asset than ever. The investment in Cypherpunk Technologies is thus a long-term bet on both the technology and its societal relevance. Cypherpunk Technologies has reiterated its commitment to being an active participant in the Zcash community and to supporting the development of privacy-preserving technologies.

Zcash’s Role in the Privacy Coin Ecosystem
Zcash’s zero-knowledge proofs (zk-SNARKs) allow for transaction validation without revealing the sender, receiver, or amount. This advanced cryptographic framework sets Zcash apart in the privacy coin market and supports its dual function as both a store of value and a means of private exchange. The protocol continues to evolve with upgrades such as Halo 2, enhancing scalability and security without reliance on centralized setups.

Cypherpunk Technologies’ investment underscores growing institutional interest in privacy coins beyond Bitcoin and Ethereum. Zcash’s capped supply of 21 million tokens mirrors Bitcoin’s model but adds a layer of anonymity, making it a compelling option for investors seeking diversification. The company’s strategy aligns with broader trends of financial privacy becoming a more prominent concern for both individuals and institutions.

Backtest Hypothesis
A backtest of a Zcash trading strategy based on the same technical indicators used in the preceding analysis shows promising returns, albeit with significant volatility. The strategy employed the 50-period Exponential Moving Average (EMA), the 200-period EMA, and key RSI levels to identify entry and exit points. While the backtest recorded high cumulative returns, it also revealed notable drawdowns, particularly during market corrections. These results highlight the need for additional risk controls in live trading. The strategy’s performance is sensitive to market conditions, emphasizing the importance of dynamic risk management to preserve capital during periods of high volatility.

The integration of such a strategy into a long-term treasury model like Cypherpunk’s requires careful calibration, balancing growth potential with capital preservation. Given Zcash’s role as a privacy-focused asset, strategic allocation must account for both technical momentum and broader macroeconomic factors influencing the digital asset market.