Zcash fell 14.4% on November 10-11, 2026, dropping from 10th to 11th place by market capitalization with an estimated valuation of $16.5 billion to $17 billion. The token touched lows between $963 and $1,000 before rebounding slightly, as trading volume exceeded $1.3 billion over 24 hours. More than $16.5 million in derivatives positions were liquidated, with roughly 88% to 89% being long positions. The decline followed the activation of the NU7 upgrade, which reduced block times from 75 seconds to 25 seconds, after ZEC had risen above $1,300 and the Grayscale Zcash Trust recorded more than $15 million in outflows in November.
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