On November 11, 2026, Zcash (ZEC) fell to a two-month low of $962.85. At 12:20 p.m. UTC that Wednesday, it was down 13.5% over 24 hours—the largest loss among the 100 biggest cryptocurrencies by market capitalization—and 24.5% over seven days, according to CoinGecko.
The decline came a day after Grayscale pledged $1 million to nonprofits and projects supporting the Zcash network. It was also part of a broader sell-off: Bitcoin fell 5.8% and Ether 11.6% over the same seven-day period. Crypto prices fell further on Tuesday after US consumer prices rose 0.4% in October from the previous month, exceeding economists’ 0.3% forecast. These events provide context, but the reported figures do not isolate a cause for ZEC’s drop.
ZEC had traded above $1,370 as recently as the preceding Friday, when Zcash activated its NU7 upgrade. NU7 reduced the target interval between blocks from 75 seconds to 25 seconds to speed up transaction confirmations. It also made about 12,224 ZEC in the network’s original privacy pool unspendable.
Zcash supports shielded payments that keep sender and recipient addresses and transaction amounts out of public view. After gaining 138% in the 30 days to September 7, it remained the largest privacy coin by market value, accounting for about 60% of the $28 billion category tracked by CoinGecko. The category’s combined market value fell about 7% over the 24 hours reported.
Separately, Grayscale’s Zcash Trust became a US spot exchange-traded fund that began trading on NYSE Arca on August 25. According to SoSoValue, the fund recorded about $15 million in net outflows in November through Monday, following about $46 million in October. Those fund-flow figures describe the ETF, not the cause of ZEC’s price movement.
Source: cointelegraph.com (originally published 2026-11-11 20:31 UTC+8)
