Samson Mow Questions Zcash Rally as ZEC Tops $22 Billion Valuation

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Summary · why it matters

Bitcoin maximalist and JAN3 head Samson Mow has publicly challenged the sustainability of Zcash's parabolic rally, saying the privacy coin's market capitalization has been artificially inflated and that the market faces an inevitable return to the mean. Commenting on the ZEC/USDT chart, where the coin corrected to $1,300 after recently surging to a peak near $1,600, Mow said there is not enough speculative capital in the market to keep Zcash among the top 10 cryptocurrencies at a valuation above $22 billion after its rise of more than 1,000% since the start of the year. Zcash supporters attribute the coin's 1,077% gain over the past 12 months to real infrastructure changes, including the NU7 upgrade activated on testnet on October 4-5, which is expected to make block generation three times faster. ZEC's liquidity has also been supported by the recent launch of pools on THORChain and a $306 million inflow into Grayscale's spot ETF, although the fund recorded its first major outflow this week, at $93 million. The coming weeks will show whether the coin can hold in the $1,280-$1,330 range or whether the market will prove the maximalists right and trigger a major correction in the rally.

Impact on assets 1

Others▲ · 1 stocks
Zcash
ZEC-USD
± Mixedrelevance

ZEC's 1,000%+ rally questioned as artificially inflated by Samson Mow, while supporters cite NU7 upgrade, THORChain pools, and Grayscale ETF inflows; article reports price move with no single clear driver.

Off-coverage companies 2

Grayscale InvestmentsPrivate± Mixed
relevance

Grayscale's spot Zcash ETF saw a $306M inflow but recorded its first major outflow of $93M this week; mixed flows, no clear directional driver.

JAN3Private± Mixed
relevance

JAN3 head Samson Mow is quoted challenging Zcash's rally sustainability, but the news is about ZEC, not JAN3's own business.

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