While exchanges are rushing to list various hot cryptocurrencies, an old player has quietly completed a stunning turnaround.

BTC spot ETF and various meme tokens frequently dominate the market scene, but ZEC, once a pioneer in privacy coins, has long been forgotten in the corner. Ironically, this "old relic" has staged a remarkable reversal in less than a year.

Starting at $34 in September 2025, ZEC soared to $775 within just a few months—a 22-fold increase. Such a surge is indeed rare in the history of cryptocurrencies.

There is an interesting story behind this. Privacy coins have long been regarded as "enemies of regulation," and major exchanges have delisted related assets due to compliance considerations. Market sentiment has been cold for a long time. It is against this backdrop that ZEC managed a stunning comeback.

From a technical perspective, the situation is even more intriguing. On ZEC's daily chart, the price not only pierced through short-term moving averages, but the upward breakout of the 9-day EMA above the 20-day EMA clearly reflects a significant shift in market sentiment. This is not just volatility; it’s a signal that the market is re-evaluating privacy, the original purpose of cryptocurrencies.

Some things, seemingly forgotten, have never truly disappeared.