Zcash Closes at $1,245.76 After a 5.14% Decline in November 2 Data
Key Facts
EL7 data showed Zcash closing at $1,245.76 on November 2, compared with $1,234.56 on November 1 and $1,251.42 on October 31. By contrast, Investing.com data showed a daily price of $1,170.95, down 5.14%, with reported trading volume of 176.02 thousand in unspecified units. The two readings differ in price and the timeframe they represent, so EL7's closing data do not establish the daily decline reported in the other record. The hourly move and its interpretation remain outside what could be confirmed from the available figures.
In EL7's daily data for October 26 to November 2, the highest recorded close was $1,311.01 on October 28. The November 2 close was $1,245.76, below that period high but above the November 1 close of $1,234.56. This puts the price on a path that retreated from the highest close recorded in the days provided while posting a daily increase according to a comparison of EL7 closes. The closing-price record does not identify intraday highs and lows.
Investing.com data present a different daily picture, showing a price of $1,170.95 on November 2 and a 5.14% decline, after a 6.76% drop on October 29. It also reported daily volume of 176.02 thousand on November 2, compared with 370.72 thousand on October 29, without specifying the volume unit in the data provided. The record shows declines on two separate days but offers no causal explanation for either. The comparison shows that ZEC was volatile during the days covered, with a clear difference between the price levels reported by the data sources. The figures from the two sources alone are not enough to establish a unified spot price or a unified percentage change for the period.
In data published on November 1, ZecZcash reported that ZEC stood at $1,246.29, down 1.54% over 24 hours. The site estimated the coin's market capitalization at $21.21 billion and its 24-hour trading volume at $504.22 million. These figures are tied to the report date and its timeframe, and do not necessarily match the daily price recorded by another source on November 2. Trading volume and market capitalization indicate the scale of recorded activity around the coin, but do not by themselves explain the direction of its price move. The 24-hour reading in the November 1 report also does not establish the decline attributed to a specific hour in the initial account.
On network use, ZecZcash said shielded pools held 4.97 million ZEC on November 1, equivalent to 29.20% of total supply. Holdings in these pools increased by 27.39 thousand ZEC during the 30 days before the report. According to the site's data, the balance was split between 4.19 million ZEC in the Ironwood pool and 340.74 thousand in Orchard. The site said Orchard became exit-only after the NU6.3 upgrade, which went live on mainnet on July 28, 2026. These figures point to balances shifting among privacy pools and an increase in the total shielded balance, but do not establish a direct link to the price change on November 2.
On investment products, ZecZcash reported that net assets in the Grayscale Zcash Mini Trust totaled $724.82 million and that settled flows through October 30 recorded a net outflow of $4.57 million. The site also said the fund's shares were trading at $32.64. The flow figure describes settled fund movements through the specified date and does not by itself establish that outflows continued afterward. The data provided also contain no historical comparison of fund flows to show whether the outflow accelerated or slowed. These figures remain separate context from the daily price move, with no evidence linking the flows as a direct cause of ZEC's decline or rise.
The NU7 upgrade is planned to reduce the interval between blocks from 75 seconds to 25 seconds while keeping total issuance per unit of time unchanged, according to a Blockworks Intel report. The report said the block subsidy for each block will be divided by an additional factor of 3 under ZIP-218, in line with the shorter interval. This anticipated change in the pace of block production is part of protocol developments, not a documented explanation for the current price move. The information available did not specify when NU7 will be implemented. The upgrade's timeline therefore remains unresolved in the data provided.
In liquidation data, Liquidate.Fun recorded total ZEC liquidations of $2.0 million on October 31, including $877 thousand in long positions and $1.1 million in short positions. Recording position liquidations does not, on its own, establish that they caused the price move. The October 31 breakdown differs from the account of long liquidations dominating, as short liquidations exceeded the figure recorded for long positions that day. The available data provide no documented breakdown of November 2 liquidations or timeline linking them to the price move.