FeesSafety
Pluang+

Zcash falls below $1,000 amid $14.6M ETF withdrawals despite faster blockchain upgrade

Market News
12 Nov 2026, 16:23 WIB
Coinpaper
View Source
Bearish
Zcash falls below $1,000 amid $14.6M ETF withdrawals despite faster blockchain upgrade

Zcash (ZEC) dropped below $1,000, trading near $980 after a 23% weekly loss, pressured by $14.6 million in withdrawals from Grayscale's Zcash ETF. This decline occurred despite the recent Network Upgrade 7 (NU7), which cut block times from 75 to 25 seconds, aiming to improve transaction speed. The ETF outflows reflect uneven institutional demand, while leveraged trading liquidations have intensified the selloff. Recovery above $1,000 could improve market sentiment, but the near-term outlook remains cautious.

Zcash trades at Rp17.815.569 on Pluang as of Nov 12, 2026 21:42 WIB, showing a slight 0.31% gain in the last day despite recent weekly losses. The platform reports a market cap of Rp7,04 trillion and a 24-hour trading volume of Rp787,62 million, with all current order activity being sell orders and a typical hold time of 108 days. This steady trading contrasts with the article's note of a 23% weekly drop and highlights ongoing investor caution after the ETF outflows and blockchain upgrade.

More News (ZEC)

Zcash holders vote Nov 16-30 on funding changes that could retire 50,000 ZEC and affect supply.

Zcash holders vote Nov 16-30 on funding changes that could retire 50,000 ZEC and affect supply.

Zcash is holding a community vote from November 16 to 30, 2026, where holders with coins in supported wallets can decide the future of the Zcash Community Grants (ZCG) fund. The vote includes options to dissolve the fund, create a lockbox for funds, ...

Market News
Neutral
6 hours ago
Crypto trader closes Zcash futures long after 395% gain, stays bullish on token's 2027 outlook.

Crypto trader closes Zcash futures long after 395% gain, stays bullish on token's 2027 outlook.

Crypto trader Taiki Maeda closed his Zcash (ZEC) perpetual futures long position after achieving about $3.05 million in gains and a 394.92% return over the past year. Despite closing the futures position, he continues to hold ZEC in spot markets and ...

Market News
Bullish
8 hours ago
Zcash price drops over 25% amid proposal to cut 50,000 ZEC from grants treasury

Zcash price drops over 25% amid proposal to cut 50,000 ZEC from grants treasury

Zcash (ZEC) price fell more than 25% in a week, trading near $979 as the community prepares to vote on removing 50,000 ZEC from its grants treasury, representing over half of the treasury's holdings. The proposal aims to reduce the treasury due to ZE...

Market News
Bearish
9 hours ago
Bitway drops nearly 15% in 24 hours, leading crypto losers as most assets gain.

Bitway drops nearly 15% in 24 hours, leading crypto losers as most assets gain.

Bitway (BTW) fell sharply by 14.98% to $1.02, marking the largest 24-hour loss among 90 tracked crypto assets excluding stablecoins. Despite Bitway's decline, the majority of assets (59 out of 90) saw gains, with Midnight (NIGHT) rising 12.87% and Gr...

Neutral
13 hours ago
Altcoin spot ETFs see mixed flows with SOL and ZEC outflows, others stable on Nov 11, 2026

Altcoin spot ETFs see mixed flows with SOL and ZEC outflows, others stable on Nov 11, 2026

On November 11, 2026, altcoin spot ETFs showed varied net flows: Solana (SOL) and Zcash (ZEC) experienced notable outflows, continuing recent withdrawal trends. Other altcoins like XRP, Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and Litecoi...

Bearish
16 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App