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Zcash drops 12% with $28M liquidations after a 2,400% rally in one year.

Market News
11 Sep 2026
Coinpaper
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Bearish
Zcash drops 12% with $28M liquidations after a 2,400% rally in one year.

Zcash (ZEC) experienced a sharp 10-12% price drop, falling from a peak near $1,298 to around $1,090–$1,120, triggering $27.6 million in futures liquidations within 24 hours. This correction follows an extraordinary 2,400% rally over the past year, fueled by heavy leverage and institutional interest, including a $533 million Grayscale Zcash ETF. While the pullback shows traders reducing leveraged positions amid rising volatility, institutional demand remains, supporting the token's fundamentals. The key level to watch is $1,050; holding above it could stabilize prices, but a break below may accelerate further declines due to deleveraging.

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