ZEC (Zcash) fell 7.91% in the last 24 hours.

Gate News Bot news, on November 5th, according to CoinMarketCap data, as of the time of this report, ZEC (Zcash) is currently priced at $421.51, a fall of 7.91% in the last 24 hours, with a high of $480.76 and a low of $299.64. The 24-hour volume reached $2.191 billion. The current market capitalization is approximately $6.865 billion, a decrease of $590 million compared to yesterday.

Zcash is a privacy-preserving digital currency. It is the first cryptocurrency to develop zero-knowledge cryptography for private peer-to-peer payments. Zcash uses end-to-end encryption technology to protect users' privacy rights. Compared to Bitcoin, Zcash transactions are faster, and the transaction fees are usually only a fraction of a cent. Zcash is a decentralized protocol, which means that your funds are fully controlled by you, rather than being controlled by a bank.

Important news about ZEC recently:

1️⃣ Market volatility intensifies, short-term pullback is evident The price of ZEC has seen a significant pullback in the short term, dropping from a recent high of 480.76 USD to 421.51 USD, a fall of 7.91%. This volatility may be related to the overall adjustments in the cryptocurrency market and also reflects investors taking profits from the previously large gains of ZEC.

2️⃣ Large investors continue to pay attention A large investor holds a 5x leveraged long position in ZEC on the Hyperliquid platform, with a position size of 21,978.9 ZEC (approximately $9.24 million). Despite the recent price pullback, this position remains significantly profitable, indicating that some institutional investors are optimistic about the mid-to-long-term trend of ZEC.

3️⃣ Technical Upgrade Plan Progress Electric Coin Company (ECC) released its roadmap for the fourth quarter of 2025, focusing on improving user privacy and usability of the Zashi wallet. Key planned features include temporary transparent address generation, address rotation, and multi-signature support. These technological upgrades are expected to further enhance Zcash's privacy protection capabilities and improve its competitiveness in the privacy coin sector.

From a technical perspective, the ZEC price has recently shown signs of a high-level pullback, which may require some time to digest the previous gains. However, on the fundamental side, Zcash's continuous innovation in privacy protection technology, along with the ongoing interest from institutional investors, may provide long-term support for the ZEC price. Investors should closely monitor the project's technological upgrade progress and the movements of large holding addresses.

This message is not intended as investment advice, and investors should be aware of market volatility risks.