Zcash Stirs From Slumber: $25M War Chest and Foundry's Mining Pool Spark Privacy Comeback

Zcash's $ZEC is holding steady in the $235–$240 range this week, nursing wounds from a brutal February that saw the privacy coin get absolutely rekt by roughly 21%, tumbling from $302.80 to close February at $239.41. Ouch. But March told a different story — because in crypto, everything's a V-shape until it isn't.

On March 16, $ZEC posted a 23.26% daily gain, climbing to around $285.35 with a market cap hovering near $4.74 billion and $583 million in 24-hour trading volume. By March 25, $ZEC broke above $235 on strong volumes, extending weekly gains above 10% as the privacy narrative regained some swagger. Someone finally remembered Zcash exists, it seems.

The technicals? 14-day RSI sits in the low-to-mid-50s — neither overheated nor dead, leaving room for the trend to keep rolling if demand holds. Basically, there's actual runway here without the market having to panic about overextension. Revolutionary concept in this space, we know.

Behind the scenes, the structural updates are stacking up. The Zcash Open Development Lab (ZODL) — the new core dev entity born from the Electric Coin Company's engineering breakup — closed a $25 million funding round on March 25 with heavy hitters like Paradigm, a16z crypto and Coinbase Ventures backing the expansion of the Zodl wallet and privacy-first tools. That's a war chest big enough to actually build something instead of just tweeting about building something.

Meanwhile, Foundry Digital — the biggest Bitcoin mining pool — is dipping its toes into $ZEC waters with an institutional-grade mining pool launching in April