Zcash gives back its NU7 gains: ZEC drops 7.4 percent on liquidations and an ETF outflow

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Zcash has fallen 7.4 percent in 24 hours to around $1,250, giving back the rally that followed the NU7 upgrade. Long liquidations, an outflow from the Grayscale ETF and profit-taking hit at the same time.Zcash gives back its gains after the NU7 upgrade.Add as a preferred source on GoogleFollow on Google NewsZcash (ZEC) has given back the gains it made after the NU7 network upgrade within a single day. At 2:48 a.m. German time on Sunday, November 8, 2026, one ZEC cost $1,249.75 according to CoinGecko, or roughly €1,121. That is 7.4 percent less than 24 hours earlier. Over the same period Bitcoin slipped only 0.3 percent to $75,688. That made Zcash the weakest of the 25 largest cryptocurrencies excluding stablecoins. There is no single trigger such as a hack or a delisting. Three documented factors came together: long liquidations of $4.13 million within 24 hours, an outflow of $11 million from the Grayscale Zcash ETF on November 5, and profit-taking after a gain of almost 95 perc...