Zcash falls 25% in October as traders await NU7 network upgrade
- —ZEC traded between $1,120.66 and $1,223.01 over 24 hours on about $575 million in volume
- —ZEC futures liquidations hit $14.02 million in 24 hours, including $10.03 million in longs
- —ZEC futures open interest fell 12.45% to $2.37 billion on October 23
- —NU7 activates at block 3,543,405, cutting the block interval from 75 to 25 seconds
Why it matters: The upgrade triples confirmation speed, but weak technicals and crowded longs could slow any ZEC recovery.
Source: crypto.news