ZEC Token Faces 10.56% Drop Amid Market Volatility Despite Growing Privacy Adoption and $64M Trading Volume

Zcash (ZECUSDT) has seen a significant 24-hour price decline of -10.56%, with the current Binance price at $264.74 compared to a 24h open of $296.00. This drop is primarily attributed to a loss of momentum following a recent rally driven by increased adoption of privacy features, such as the launch of the cashZ wallet and over 30% of ZEC's supply now held in fully shielded pools. Additionally, while news of cross-chain support and positive sentiment around Zcash’s privacy narrative recently boosted trading volumes and price, the latest market action reflects renewed selling pressure and broader market volatility. The ZECUSDT pair remains active with a 24-hour trading volume of $64.14 million on Binance and a market capitalization around $4.4 billion, positioning Zcash among the top 25 cryptocurrencies.