ZEN Token Dips 6.47% After Weekly Rally, Migration to Base Boosts DeFi Accessibility

Horizen (ZEN) experienced a price decrease of 6.47% in the last 24 hours, with the ZENUSDT pair on Binance currently trading at 10.525, down from a 24h open of 11.253. The recent decline follows a strong weekly rally attributed to renewed investor interest in privacy-focused cryptocurrencies and the migration of ZEN to the Base blockchain as an ERC-20 token, which improved its DeFi accessibility and technical outlook. However, the volatility and cautious market flows, combined with broader market factors and ongoing regulatory discussions in the U.S., have contributed to the current short-term downturn. Trading volumes and market capitalization remain robust, reflecting continued engagement and liquidity despite the price retracement.