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Zcash (ZEC) drops 7.3% amid $4.73M liquidations after NU7 upgrade changes network dynamics

Market News
07 Nov 2026, 22:14 WIB
Tokenpost
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Bearish
Zcash (ZEC) drops 7.3% amid $4.73M liquidations after NU7 upgrade changes network dynamics

Zcash (ZEC) fell 7.3% to $1,260.05 following $4.73 million in liquidations over 24 hours, mostly from long positions. The recent NU7 upgrade, activated on Nov. 5, shortened block times, redirected transaction fees to support the network, and reduced computing needs for private payments. Despite the price drop, ZEC traded between $1,122.37 and $1,382.38 in the past week. The upgrade aims to improve network efficiency and incentives, but the market reacted with significant liquidations, primarily from leveraged long traders.

Zcash trades at Rp22.767.676 on Pluang, down 5.04% as of Nov 08, 2026 03:31 WIB. The market cap stands at Rp7,04 trillion with a 24-hour trading volume of Rp787,62 million. Typical holders keep ZEC for about 108 days on the platform, showing moderate holding duration despite recent price moves.

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