According to third-party ETF flow data, Zcash (ZEC) traded near $980 on November 12 as Grayscale's ZCSH exchange-traded fund recorded $14.6 million in net outflows on November 11. ZEC had fallen more than 23% over seven days, touching approximately $951 at its recent low.

The selloff occurred despite Zcash's November 6 activation of Network Upgrade 7 (NU7), which reduced the blockchain's target block interval from 75 seconds to 25 seconds. The upgrade did not increase daily ZEC issuance, as block subsidies were proportionally reduced to preserve the existing monetary schedule.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.