ZEC is 21% off its $1,698 peak after ETF outflows and a suspected North Korean heist routed money through its shielded pool. Is the run over, or will traders buy the dip?
The move extended Zcash's 24-hour decline to 7.59%. Long liquidations across three exchanges totaled $4.3 million in the same hour.
The Sept. 28 weekly average was down from about 11,700 per day for the week ending Sept. 21. Tachyon's 50,000-transactions-per-second target remains a long-term design goal.
In September, privacy coins significantly outperformed the broader cryptocurrency market as capital shifted away from high-cap altcoins. Zcash Surges Into Top 10 Privacy coins again outperformed the rest of the cryptocurrency market in September as capital rotated away from underperforming high-cap altcoins.
The position has about $379,700 in unrealized losses. The trader has paid $87,700 in funding fees.
The token was down 1.72% over 24 hours. Its price was measured at 7:31 a.m.
Zcash holds near $1,407 after coinholders approved $8.39 million in grants, including $1.5 million for Taylor Hornby's Orchard bug discovery.
Hackers linked to the Bitget crypto hack are changing methods. After the failure of an attempt to launder more than 50 million dollars via NEAR Intents, they sent about 2,746 ZEC, nearly 3.9 million dollars, into the protected Ironwood pool of Zcash.
What happened Zcash holders just approved .39 million in retroactive grants.
Zcash holders approved $8.39M in retroactive grants, including $1.5M tied to the Orchard bug, as ZEC trades near $1,400.
About $3.9 million in stolen ZEC entered Zcash's Ironwood pool as a separate $50 million route through NEAR Intents was mostly blocked.
Millions went to people who protected all users during this year's AI vulnerability crisis. Zcash plans multiple grant rounds each year.