Crypto analysts criticised the recent surge in Zcash price and described the episode as a coordinated market event, not organic adoption.

Allegations and price dynamics

According to crypto analysts, Zcash reached a peak of $723 before the token lost more than 50% of its value in the subsequent decline.

They assert that since October the token showed an increase of approximately 1500%, a move attributed by critics to targeted market manipulation rather than fundamental developments.

«The most successful scam in the history of cryptocurrencies»

Market reaction

Market participants responded to these allegations with heightened volatility and increased trading volumes across major exchanges and trading pairs involving Zcash.

Some investors used the rapid appreciation as an exit opportunity, while others questioned the sustainability and legality of the strategies behind the rally.

Community and regulatory debate

Observers within the crypto community remain divided on whether promotional tactics crossed legal boundaries or merely exploited structural market weaknesses.

Regulatory scrutiny and further analysis of on-chain flows and exchange activity could clarify the drivers of the spike and inform possible enforcement responses.