ZEC drops 11.51% over 24 hours, Large Holder Movements and Accumulation Patterns Indicate Market Fluctuations

As of November 11, 2025,

saw its price fall by 11.51% in a single day, landing at $472.8. Over the past week, ZEC declined by 13.79%, but it has gained 14.16% in the last month and surged 720.92% over the past year.

A prominent whale has been offloading its ZEC holdings in reaction to the recent price slump. Blockchain data shows that the whale wallet linked to the "Accurate ZEC Strategy" (0x96e) sold more than 30,000 ZEC in the last nine hours, incurring a $960,000 loss. The position now faces an unrealized loss of $950,000, or 46%, with a liquidation threshold at $420. The value of the remaining holdings has dropped to $10.37 million, down sharply from $37.01 million the day before.

Since November 3, this whale has been utilizing Hyperliquid to deposit funds and maintain a 5x leveraged long position on ZEC, rolling it over repeatedly. Before trimming its position, it was the largest ZEC bull on Hyperliquid. At the same time, the biggest ZEC short (0xd47) has been increasing its exposure to counteract ZEC’s price, reducing its unrealized loss from $20.19 million to $10.87 million, with an average entry price of $336.

Fresh accumulation signals have appeared on Binance, as ZEC whales have made spot purchases exceeding $30 million. On-chain analyst Ai Auntie reported that a whale accumulation pattern was identified, with sizable buy orders placed at 09:35 and 09:44 on November 11, each for about 2,200 ZEC (roughly $1.2 million). These transactions formed three clear clusters, suggesting coordinated whale buying activity.

Zcash is also approaching a halving event in November 2025, which will cut block rewards in half. This change will make

more scarce, mirroring the deflationary mechanism of . Past trends show that ZEC often sees substantial price increases after halving events. Institutional interest is also on the rise, with the Grayscale Zcash Trust now overseeing $137 million in assets.

Zcash’s distinctive privacy features and optional transparency are helping it stand out amid regulatory scrutiny, despite ongoing challenges faced by privacy coins. The U.S. Clarity Act and Genius Act have established a legal structure for privacy-oriented projects to operate within compliance boundaries, further enhancing Zcash’s position as a privacy-centric alternative to Bitcoin.