Zama Protocol [ZAMA] It has risen by more than 27 percent in the last 24 hours and is leading in terms of daily growth in the privacy sector.
The token’s $110.38m market cap is nearly equal to this daily volume, which has risen by 185%. Although the token is worth $564 million, its market capitalization is only 5 times that amount.
The liquidity is moderate, with a liquidity-to-market-cap ratio of 2.51%. The tokens are safe for retail investors but can be difficult to execute by institutional traders.
It is worth noting that tokenomics shows that there are 2.2 billion ZAMAs in circulation out of a total supply 11.19 billion. Data shows that only 19,66% of the total supply is currently in circulation. The remaining 80% are released every day.
CoinMarketCap reports that 4,06,000,000 ZAMA valued at $200K are traded daily. Once a year, 1.98 billion ZAMA will be released.
What’s driving ZAMA price up?
Some whales have backed the protocol despite its TGE occurring in early 2026.
In one case, the whale has been accumulating ZAMA from Kraken. Over the last two weeks, the whale purchased over 28,000,000 ZAMA. This includes the transaction of 1426 million tokens for $571K.
The wallet acquired ZAMA tokens worth $3.93m in the last 125 days. The released supply has been absorbed quickly, which explains why ZAMA is still rallying in spite of daily token releases.
Multicoin Capital is one of the institutions that buys altcoins. Tushar JAIN, co-founder of Multicoin Capital and managing partner therein, made the revelation. He reiterates that the protocol is private.
Tushar jain posted a message on X. wrote,
For institutions to work, they need privacy. Why we are so long $ZAMA You can also find out more about the following: $ZEC. Zama unlocks private defi…
The social sentiment played a major role in the rise of Bitcoin. It was ranked first on CoinGecko, and second on CoinMarketCap. Weekly gains of over 41% reinforced the positive social sentiment.
Can ZAMA keep surging?
ZAMA has broken out from an ascending channel it had been following since TGE, in February.
The bulls are showing a lot of momentum, as shown by the MACD bars. Binance’s Spot Market is a major bullish market for CVD, as more than 40,000,000 ZAMA have been purchased.
A 4-day-long rally which started around the $0.0300 trendline support has broken the resistance of the upper trendline. The ZAMA community is 7.64K strong, which can be a larger supporter of such rallies.
A retracement could also occur after the breakout. This would bring down the price below $0.045.
Final Summary
- Zama Protocol surges by 27% over the course of 24 hours. Whales and Institutions continue to collect ZAMA.
- ZAMA’s price has broken out of the ascending trend channel, but now faces selling pressure due to daily unlocks.
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Source: ambcrypto.com
