Zcash ($ZEC ): Drops 21% from recent high, rally may not be over
Zcash fell about 21% from its recent peak of $1,698, erasing a sizable portion of the rally that had lifted the privacy coin to new heights.
The pullback follows reported outflows from exchange‑traded funds (ETFs) and a suspected North Korean theft that allegedly moved funds through Zcash’s shielded pool, creating additional selling pressure.
Analysts note that the combination of ETF capital shifts and the security incident could prolong volatility, leaving the market to assess whether the recent rally has truly ended or if the dip may present an opportunity for renewed buying.
**$ZEC**
Zcash fell about 21% from its recent peak of $1,698, erasing a sizable portion of the rally that had lifted the privacy coin to new heights.
The pullback follows reported outflows from exchange‑traded funds (ETFs) and a suspected North Korean theft that allegedly moved funds through Zcash’s shielded pool, creating additional selling pressure.
Analysts note that the combination of ETF capital shifts and the security incident could prolong volatility, leaving the market to assess whether the recent rally has truly ended or if the dip may present an opportunity for renewed buying.
**$ZEC**
