$40M Liquidated as Zcash Tumbles 14.5% to Lowest Level Since September
Key Facts
Zcash price plunged 14.5% to reach its lowest level since September 2026. The sharp decline triggered the liquidation of long positions worth $40.96 million, intensifying the downward pressure on the cryptocurrency.
The selling volume outweighed a $1 million support initiative for the Zcash ecosystem by Grayscale, as previously reported by Invezz. This volatility followed US CPI data released on November 10, 2026, which showed a 0.4% increase for October, exceeding the forecasted 0.3% rise.
Latest Updates · 2
- Notable·
Update: Zcash holders are scheduled to vote on a proposal to withdraw 50,000 ZEC from the community grants treasury. The plan involves redirecting future block rewards to establish a new fund dedicated to development and legal defense.
- Notable·
Update: The ongoing sell-off has left 27 out of 32 large long positions on Hyperliquid underwater as of November 12, 2026. These positions involve 122,600 ZEC and represent nearly 30% of the platform's total ZEC perpetual open interest.