Zcash surges 40% in a day as Multicoin, Cypherpunk, and Grayscale frame ZEC as the institutional hedge against financial surveillance!

Zcash rocketed roughly 40% in a single session on Wednesday, briefly touching $603 before settling near $570 — extending a run that has now topped 100% over the past month. The immediate catalyst was a disclosure from Multicoin Capital, whose managing partner Tushar Jain argued ZEC is "the most pristine public-market vehicle" for censorship-resistant store-of-value demand, citing aggressive tax policies and wealth-seizure proposals as structural tailwinds.

The institutional case is broadening fast. Cypherpunk Technologies, backed by Gemini co-founder Tyler Winklevoss, has accumulated nearly 295,000 ZEC — 1.78% of circulating supply — with a stated goal of reaching 5%. Its CIO Will McEvoy frames the thesis bluntly: Bitcoin is digital gold; Zcash is private digital cash, and AI-driven surveillance makes encrypted-by-default money a necessity, not a luxury.

Market mechanics amplified the…