Zcash saw its price rise from around $509 to $878 between August 18 and August 23, a gain of roughly 72%. Grayscale launched a spot ETF for ZEC on NYSE Arca on August 25, converting its 2017 Zcash trust. Social media mentions peaked at 232 on August 22, roughly six times the usual August baseline, before returning to normal by the ETF launch day. Since hitting around $878, the token has pulled back to approximately $789, a decline of about 10%. Zcash has gained approximately 19 times over the past year but remains worth less than 1% of Bitcoin’s market capitalization.
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