According to Multicoin Capital’s disclosure, Zcash (ZEC) surged 30% on Tuesday (May 5), triggering $46.7 million in short liquidations. The liquidation amount marked the second-largest behind Bitcoin as the privacy coin extended its multi-month rally.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Saylor backtracks, may sell BTC to pay dividends: Strategy’s Q1 loss is $12.5 billion
Strategy (formerly MicroStrategy, Nasdaq: MSTR) announced its 2026 Q1 financial results on May 5—driven by BTC’s price dropping to $62k at one point in February. The company recognized $14.46 billion in unrealized impairment; Q1 recorded a net loss of $12.54 billion. CEO Michael Saylor made his first hint during the earnings call: he may sell some BTC to fund a special-stock dividend. CoinDesk reported, citing Saylor’s exact words: “We will probably sell some bitcoin to pay a dividend just to i
ChainNewsAbmedia18m ago
Zcash Gains 7% as Golden Cross Signals Short-Term Strength
Key Insights:
Zcash surged 7% after a golden cross formed on hourly charts, signaling renewed short-term momentum despite broader market weakness and cautious investor sentiment.
Rising social activity and privacy-focused narratives helped drive attention toward Zcash, supporting recent
CryptoNewsLand36m ago
CoinDesk 20 Index Jumps 2.5%, Led by NEAR's 16% Surge and ICP's 10.4% Gain
According to CoinDesk, the CoinDesk 20 Index jumped 2.5% today, led by Near Protocol's 16% surge and Internet Computer's 10.4% gain.
GateNews1h ago
Multicoin Invests in Zcash as ZEC Surges 1,500% Amid Privacy Trade Revival
Multicoin has made a significant investment in Zcash, marking a shift from its 2019 stance on the privacy-focused cryptocurrency. ZEC has surged over 1,500% in the last year as privacy-centric trading returns to
GateNews2h ago
GT up 3.02% over the past 24 hours, current price 7.5 USDT
Gate News bot message: Gate market data shows that GT is up 3.02% over the past 24 hours, with a current price of 7.5 USDT.
CryptoRadar4h ago
