ZEC Token Sees 5.62% Price Drop Amid Profit-Taking, High Volume Surpasses $575 Million

ZECUSDT experienced a 5.62% price decrease over the past 24 hours, moving from a 24h open of 519.50 USDT to a current price of 490.30 USDT, according to Binance. The primary factors influencing this decline include profit-taking following strong recent gains, as highlighted by mixed capital flows and heavy outflows in short-term trading analysis. Increased attention to privacy coins, ecosystem growth (such as ZEC's shielded supply surpassing 5 million), and Bitwise’s ETF filing contributed to earlier rallies, but short-term volatility and anticipated pullbacks have prompted traders to secure profits, driving the latest price movement.

Market activity remains high, with 24-hour trading volumes for ZECUSDT exceeding $575 million and a circulating supply of approximately 16.47 million coins, reflecting continued strong interest despite recent volatility.