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Zcash drops 7.4% amid Binance hack fallout; NU7 upgrade nears, making old Sprout pool balances unusable.

03 Nov 2026, 01:19 WIB
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Bearish
Zcash drops 7.4% amid Binance hack fallout; NU7 upgrade nears, making old Sprout pool balances unusable.

Zcash fell 7.4% to $1,228 on October 30, 2026, the biggest drop among top 25 cryptos, triggered by a Binance security breach and $1.55 billion in forced liquidations. The upcoming NU7 network upgrade, activating around November 5-6 at block 3,543,405, will reduce block times and disable version 4 transactions, rendering any ZEC in the old Sprout pool (addresses starting with 'zc') inaccessible. Holders must move these funds to newer pools before the upgrade to avoid losing access. This upgrade also introduces fee reductions and a sustainability mechanism but does not increase supply. The market impact of the upgrade is indirect, but the deadline is critical for legacy holders.

Zcash (ZEC) is trading at Rp20.527.323 on Pluang as of Nov 03, 2026 06:32 WIB, down 7.84% in one day, a sharper decline compared to Binance Coin (BNB), which fell 1.60% to Rp12.692.368. ZEC's market cap stands at Rp7,04 trillion with a circulating supply at 78% of its max, while BNB is fully circulating. The strong sell pressure on ZEC, with 100% sell orders on Pluang, contrasts with BNB's more balanced activity, reflecting heightened caution around Zcash after the recent network upgrade news.

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