EL7.AI
CryptoMediumUpdated×3•Originally published 11 November 2026•Updated 12 November 2026•
1 min read

$40M Liquidated as Zcash Tumbles 14.5% to Lowest Level Since September

Key Facts

1Zcash price dropped 13% in 24 hours, falling below the psychological $1,000 level.
2US CPI data showed a 0.4% increase in October, exceeding the expected 0.3% rise.
3Selling pressure overshadowed Grayscale's recent $1 million push to support the Zcash ecosystem.

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

  1. 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.

  2. 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.

Open on chart