Zcash hit a high of $858.62 before pulling back to $760, with buyers regaining control to hold the price above the $761 support level. Grayscale’s announcement to convert the Zcash Trust into a spot ETF boosted trading activity, with futures volume reaching $5.77 billion and open interest growing to approximately $1.8 billion. Leverage climbed to 13% of market cap, yet public interest remained far behind the price move. Between June 6 and mid-August, ZEC price surged from $362 to around $796, while social mentions totaled only 138 on August 21, representing an 88% decline from the 1,116 mentions recorded before the June bottom.
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