Zcash (ZEC) Rises to a 9-Day High as Whales Bet on Further Gains: Details

Zcash rose to over $1,330 in 24 hours, a 13% gain, while two major investors opened long positions—bets that the price will rise—worth $18.6 million and $18.9 million at 10x leverage, raising liquidation risk if prices fall. The privacy coin’s market capitalization exceeded $22 billion, ranking it among the 10 largest cryptocurrencies and ahead of 11th-place Hyperliquid. Zcash had climbed 22% from a local bottom near $1,050 a few days earlier. Developers are targeting November 5 for the NU7 upgrade, which would triple block production, reduce block times from 75 to 25 seconds, and temporarily remove 60% of transaction fees from circulation while keeping the mining reward halving schedule unchanged; the activation height still must be added to node software.