ZEC Token Sees 3.35% Drop Despite Whale Accumulation After SEC Investigation Closure

ZECUSDT has declined 3.35% in the last 24 hours, currently trading at 376.23 on Binance, with a notable surge in trading volume following the closure of the SEC's investigation into the Zcash Foundation. This regulatory relief initially prompted a brief recovery, but subsequent profit-taking, technical breakdowns, and a broader market rotation away from privacy coins contributed to the recent price drop. Whale wallets have increased holdings by approximately 6.7% over the past week, indicating accumulation amid heightened volatility. Zcash's market capitalization stands at about $6.19 billion, and 24-hour trading volume reached $648.66 million, reflecting intensified trading activity and mixed sentiment among participants.