Quick Take
  • Five altcoins broke out during mid-August, and four of them now carry dated September catalysts that could extend or end the move.
  • Uniswap bottomed on August 14, and Solana volume spiked on August 19.
  • Zcash, Monero, and Hyperliquid then broke out together on August 22.
  • Grayscale listed the first US spot Zcash product on NYSE Arca on August 25 under the ticker ZCSH.

What Happened

Zcash (ZEC) Broke Out 3 Days Before Its ETF Launched

Meanwhile, a coinholder poll on the NU7 upgrade closes September 14. One question asks whether to replace the halving schedule with a smooth issuance curve. Rejection at $903 could return the price to the $750 breakout level, which held on August 25.

THORChain enabled native Monero swaps on August 25, allowing direct trades against Bitcoin and stablecoins without wrapping. That partly routes around the exchange delistings that hit the asset through 2025. However, XMR carries no dated September catalyst.

Uniswap activated v4 protocol fees and Robinhood Chain fees in late July. August was the first full month with both running, and burn funding hit a record $8.9 million. That is roughly double the pace held since January.

Market Context

The turn rolled through the market in stages. Uniswap bottomed on August 14, and Solana volume spiked on August 19. Zcash, Monero, and Hyperliquid then broke out together on August 22.

Rank: 10Price: $838.78Market Cap: $14.18 billion

Grayscale listed the first US spot Zcash product on NYSE Arca on August 25 under the ticker ZCSH. The debut was quiet, drawing roughly $14.8 million in first-session volume. Notably, the breakout preceded the listing by three days.

Rank: 13Price: $536.77Market Cap: $10.13 billion

In contrast to Zcash, this move looks derivatives-led. Open interest roughly doubled in two weeks to about $278 million, and futures volume runs far above spot. A squeeze that builds this fast can unwind just as fast. Earlier privacy coin positioning showed the same pattern.

Rank: 9Price: $81.78Market Cap: $18.18 billion

Historically, monthly releases moved price 14.1% lower in May, 1% higher in June, and 7% lower in July. From $81.78, that range maps to roughly $70 to $76, which brackets the $77 breakout level. Below that, support sits at $64.91, then $55.41, where the 0.618 retracement meets the trendline from January.

Rank: 29Price: $5.12Market Cap: $3.19 billion

Why It Matters

Five altcoins broke out during mid-August, and four of them now carry dated September catalysts that could extend or end the move.

The chart broke above the May swing high on August 22 and added 26.5% in seven days. XMR now tests the 0.5 Fibonacci retracement at $538. Above it sits the 0.618 golden pocket at $600, then the record high of $799.89 set on January 14.

The Senate cloture vote on the CLARITY Act falls in mid-September and needs 60 votes. Failure could stall the breakout. Therefore, the burn story needs a caveat, since a 20 million UNI annual growth budget keeps supply closer to neutral than deflationary.

Details

ZEC cleared its November 2025 cycle high near $750 on August 22. It then reached $888, just under the 1.272 Fibonacci extension at $903. The next extension sits at $1,099. This is an eight-year high rather than a record, since ZEC peaked above $3,190 in October 2016.

Monero (XMR) Closes In on a Record Above $800

The immediate support for XMR sits at $476.53.

Hyperliquid (HYPE) Faces a $1.2 Billion Unlock on September 29

Hyperliquid routes 99% of order-book fees into buybacks, currently worth roughly $58 million to $80 million a month. A release of about 14.2 million HYPE, near $1.2 billion, lands on September 29. Roughly 47% goes to insiders.

HYPE cleared its prior record at $77 on August 22 and reached $86.71 five days later. The first target is the 1.272 extension at $92.37, followed by $111.93.

Uniswap (UNI) Burn Doubled to a Record in August

UNI set a higher low on August 14, then cleared swing highs at $3.99 and $4.43. It now tests the 0.618 retracement near $4.94. Above that sit $5.66 and the January high at $6.57.

Solana (SOL) Chart Improves While Network Fees Fall