Zcash experienced a significant price increase, climbing over 70% within seven days. The cryptocurrency rose from approximately $346 on May 1 to a weekly high of $593.86 on May 6, before stabilizing near $570 as of May 8. According to NS3.AI, Tushar Jain of Multicoin Capital revealed that the firm has been accumulating a substantial position in ZEC since February. Pav Hundal from Swyftx suggested that the surge might be driven by a shift in the privacy-coin narrative rather than a fundamental change in valuation.