Zcash Hits 10-Year High, Surpassing $1,200 Amid ETF Inflows and Short Squeeze

Zcash (ZEC) surged past the $1,000 milestone on September 4, reaching a peak of $1,023 for the first time in nearly a decade. The price rally was driven by significant ETF inflows and a short squeeze, which liquidated approximately $34.5 million in short positions, eventually pushing the token toward the $1,200 level.