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Zcash jumps 5% on short squeeze ahead of major November network upgrade

Protocol Fundamentals
12 Oct 2026
Coinpaper
View Source
Bullish
Zcash jumps 5% on short squeeze ahead of major November network upgrade

Zcash (ZEC) rose about 5% on October 12, driven by forced liquidations of bearish derivatives positions and anticipation of a key blockchain upgrade in November. The NU7 upgrade, potentially activating on November 5, aims to reduce block times from 75 to 25 seconds, improving transaction speed and network usability. Developers will review testnet results on October 20 before confirming the mainnet launch. This price movement highlights growing trader interest and the impact of derivatives on ZEC's volatility.

Zcash (ZEC) is trading at Rp23.086.908 on Pluang, showing a 5.31% increase as of Oct 12, 2026 21:12 WIB. This rise aligns with the article's note of a 5% gain ahead of the upcoming NU7 network upgrade. ZEC's market cap stands at Rp7,04 trillion with a 24-hour trading volume of Rp787,62 million, reflecting active trading interest around this event.

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