The privacy coin Zcash (ZEC) rebounded and broke through $600 this morning (9), with whales going long at $509.5 during the pullback, currently realizing a profit of $1.5 million. (Background: Zcash (ZEC) surged to $629! Market cap soared past $10 billion, a 40-fold increase in 15 months.) (Additional context: Arthur Hayes predicts: $ZEC will rise to $1000! Is the privacy sector winning, or is it just insane speculation?) The privacy coin Zcash (ZEC) finally faced a pullback after surging to $750 on November 7, dropping to a low of $488 early this morning (9). However, ZEC quickly rebounded afterward, rising to $627 at one point this morning. As of the time of writing, ZEC is reported at $570, with a market cap of approximately $9.4 billion, ranking 20th in the overall cryptocurrency market, with a 7-day increase of 40%. Source: Binance Whales accurately bottomed ZEC, earning $1.5 million According to on-chain data analyst Ember, at 8:50 this morning, during the rebound after this wave of ZEC’s pullback, a whale went long 20,800 ZEC at a price of $509.5 this morning, worth approximately $12.12 million, currently realizing a profit of $1.5 million. ZEC dipped to $488 after breaking through $750, then rose back up to $600. A whale bottomed out 8 hours ago at a price of $509.5, buying 20,800 ZEC ($12.12 million), currently realizing a profit of $1.51 million. Address: https://t.co/Xva1nJtU6x#OKX pic.twitter.com/KRiqTAw6ge — Ember (@EmberCN) November 9, 2025 Related reports Privacy coin frenzy! DASH surged 68% to $146, ZEC and DCR both skyrocketed; is compliance opening the Privacy altcoin season? Is buying ZEC a way to dump BTC? The 4 industry truths behind the surge of privacy coins. The new king of privacy coins, Zcash announces its Q4 development roadmap focusing on four major goals, with ZEC's market cap surpassing Monero (XMR). "ZEC rebounds and breaks through $600! Whales went long on 20,800 Zcash, currently realizing a profit of $1.5 million" This article was first published by BlockTempo (the most influential blockchain news media).