Zcash just gave back ~36% from its November top — the privacy trade is cooling.

ZEC trades near $882, down ~9% in 24h on $155M of Binance volume, and off roughly 36% from its Nov 6 high near $1,388 (Binance 24h data, Nov 14).

Privacy coins outran the whole market through 2026, but the sector is unwinding as risk comes off across crypto. The Winklevoss-backed Cypherpunk treasury spent the year accumulating Zcash toward 5% of supply — and even that bid hasn't stopped the slide.

Now the tape splits: $ZEC keeps leaking while Asia's long-time favourite $XRP (down under 3% today on $119M volume) is holding up far better than the sector. The level privacy traders are watching is whether ZEC can hold the ~$880 shelf or keeps bleeding.

Korea and Japan chased this rally all year — still holding privacy into the dip, or rotating back to the majors?

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Not financial advice. DYOR.