The top two privacy coins are underperforming both their category and the broader crypto market amid the ongoing slump.

Monero’s push to a record high follows renewed interest in privacy-focused coins, even as uneven liquidity complicates price signals.

Privacy-focused coins including Midnight, Canton Network and Monero have slipped as investors rotate capital out of defensive holdings.

The price movement comes after the DTCC announced it would adopt Canton Network for the issuance of tokenized securities.

Monero surged 23% this week on futures speculation while Zcash fell equally, reflecting leverage and timing within the privacy narrative.