Privacy Coin is currently experiencing a "reverse big pump": Why are Dash and Zcash taking off amidst the market correction?

Yesterday the market was still catching its breath, but Dash and Zcash pulled off a “leading the pack” performance—Dash rose big pump by 68% within 24 hours, while Zcash soared by 21%. It's important to note that during the same period, BTC hadn't even held above 107,000 USD. What gives these two Privacy Coins such momentum?

On-chain data is speaking

You can understand it by looking at the data:

• Dash on-chain transaction volume surged to $1.44 billion, the highest point since May 2021.
• Zcash trading volume has also soared to $1.35 billion, continuing to rise since the end of September.
• The total market values of the two coins have respectively surpassed 1.78 billion USD (Dash) and 7.78 billion USD (Zcash)

This is not retail sentiment speculation, but real funds are being poured in. The entire Privacy Coin sector's market value has even reached 25 billion USD, with a nearly 80% return in the last month—completely crushing the market.

Why stand out?

The recent rise in the privacy coin sector seems to indicate that the market is re-pricing the attribute of “privacy.” In an era where on-chain transparency is highly valued, some individuals are beginning to buy the dip in privacy coins. On a weekly basis, Dash and Zcash have risen by 201.5% and 43% respectively—this is no small fluctuation; it is a trend-level market.

In the crypto community, it is often said that “when mainstream coins drop, watch the movements of altcoins.” The performance of Privacy Coins this time reflects, to some extent, that funds are searching for new growth points. However, there are risks: such levels of big pump are often followed by weakness, so chasing high prices requires caution.