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Zcash (ZEC) price drops 2.05% in one hour amid $310K liquidations on major exchanges

Market News
29 Sep 2026
Tokenpost
View Source
Bearish
Zcash (ZEC) price drops 2.05% in one hour amid $310K liquidations on major exchanges

Zcash (ZEC) experienced a 2.05% price decline from $1,429 to $1,400 within one hour on September 29, with a total 24-hour drop of 4.27%. This price movement was accompanied by $280,000 in long position liquidations and $30,000 in short position liquidations across Binance, Bybit, and OKX. Liquidations occur when leveraged traders fail to meet margin requirements, forcing exchanges to close positions automatically. Zcash remains the ninth largest cryptocurrency by market capitalization at around $23.67 billion. No specific reason for the sudden price drop was identified in the market data.

Zcash holds a market capitalization of Rp7.04 trillion on Pluang as of September 30, 2026, 03:03 WIB, with a circulating supply of 16.3 million ZEC tokens. The 24-hour trading volume reached Rp787.62 million, while the price declined by 4.23% to Rp24,970,198. Typical holders on Pluang keep Zcash for about 107 days, indicating moderate-term investor interest amid recent volatility.

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