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Zcash Leads Privacy Coin Surge With 37% Gains on MultiCoin Investment
Key takeaways
- The rally follows a Tuesday tweet thread by investment firm Multicoin s Cofounder and Managing Partner Tushar Jain, calling Zcash a "return to the cypherpunk ideals crypto was founded on."
- Privacy coins Dash and Monero added 22% and 4% on the day respectively, while the category as a whole has notched roughly 15% gains, according to CoinGecko data.
- Multicoin framed the thesis around growing political risks to public wealth.
Zcash Leads Privacy Coin Surge With 37% Gains on Multi Coin Investment Stephen Graves Wed, May 6, 2026 at 7:06 PM GMT+7 3 min read ZEC-USD XMR-USD Zcash led a surge in privacy-focused cryptocurrencies on Wednesday, jumping 37% in the past 24 hours after crypto investment firm Multicoin Capital disclosed that it had built a "significant position" in the privacy coin.
The rally follows a Tuesday tweet thread by investment firm Multicoin s Cofounder and Managing Partner Tushar Jain, calling Zcash a "return to the cypherpunk ideals crypto was founded on."
Privacy coins Dash and Monero added 22% and 4% on the day respectively, while the category as a whole has notched roughly 15% gains, according to CoinGecko data.
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