Zcash loses $1,000 as dormant wallets send ZEC coins to exchanges
Zcash fell below $1,000 as leveraged traders abandoned bullish positions and selling pressure intensified. Data from CoinMarketCap showed ZEC at approximately $965 on Nov. 12, after a 24-hour low near $953. The decline has exposed vulnerabilities in ZEC's market structure, with research showing heavy selling across derivatives exchanges and fresh deposits from previously inactive wallets.…
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