The privacy token Zcash (ZEC) dropped 12% in a single day, falling below $1,400 after reaching nearly $1,700 earlier this month, its highest level in ten years. ZEC’s price surged approximately 2,000% over the past year, fueled notably by the launch of Europe’s first ZEC ETP. A whale identified as Oxf562 sold 25,001 ZEC for over $37.8 million, pocketing a profit exceeding $27 million. Analysts are divided: some view this as a healthy correction following a spectacular rally, while others forecast a deeper pullback toward $1,000, or even below $500.
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