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Zcash (ZEC) price drops 3% amid $2.37B futures open interest, ahead of planned NU7 upgrade in early November

Market News
23 Oct 2026
Tokenpost
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Bearish
Zcash (ZEC) price drops 3% amid $2.37B futures open interest, ahead of planned NU7 upgrade in early November

Zcash (ZEC) traded at $1,227.72, down 3.04% over 24 hours as of Oct. 23, with futures open interest at $2.37 billion. Despite $7.21 billion in futures volume and $515.12 million in spot volume, no clear trigger for the price drop was identified. The decline is not linked to futures liquidations or the upcoming NU7 network upgrade, which aims to shorten block intervals from 75 to 25 seconds without changing daily ZEC issuance, targeted around Nov. 5. The activation block height for NU7 has yet to be set.

Zcash futures open interest stands at $2.37 billion as of Oct 23, 2026 13:41 WIB, providing context for recent price movements. For readers following the broader cryptocurrency market, 22 of 50 major cryptocurrencies on Pluang rose while 27 fell today. Notable movers include COMP at Rp438.382 down 3.81% with a typical hold time of 98 days and a 74% sell order activity, SNX at Rp3.856 down 3.74%, and ATOM at Rp32.219 up 3.25%, with a 90% sell order activity.

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