ZEC (Zcash) has fallen 12.79% in the last 24 hours, currently priced at 510.34 USD.

Gate News Bot message, on November 25, according to CoinMarketCap data, as of the time of writing, ZEC (Zcash) is currently priced at 510.34 USD, falling 12.79% in the last 24 hours, with a high of 714.82 USD and a low of 471.55 USD. The 24-hour volume reached 1.259 billion USD. The current market capitalization is approximately 8.373 billion USD, a decrease of about 1.228 billion USD compared to yesterday.

Zcash is a cryptographically protected digital currency and the first cryptocurrency to develop zero-knowledge encryption technology for private peer-to-peer payments. Zcash features fairness and openness, privacy protection, and user control, with transaction speeds faster than Bitcoin and fees typically only a fraction of a cent. Zcash uses a decentralized protocol, allowing users to have complete control over their funds.

Important news about ZEC recently:

1️⃣ The US SEC will hold a roundtable meeting to discuss cryptocurrency privacy issues The U.S. Securities and Exchange Commission (SEC) plans to hold a roundtable discussion on December 15, focusing on privacy and financial regulatory issues in the cryptocurrency industry. The meeting will address concerns raised by privacy tools such as cryptocurrency mixers and privacy tokens. While no specific policy proposals will be made, it will provide a platform for open dialogue on key challenges facing the industry. This move has triggered market concerns over the regulatory outlook for privacy coins, becoming one of the main reasons for the significant correction in ZEC prices.

2️⃣ Large investors adjust strategies, short-term market under pressure The largest ZEC long holder has begun to reduce their positions, with holdings decreasing from 60,000 coins to 55,000 coins. The account's unrealized profits have shrunk from a peak of $12 million to $5.15 million, indicating that some large investors are starting to take profits. In addition, a major ZEC long investor has faced a full liquidation, involving four wallets, with total losses exceeding $10.4 million. These adjustments by large funds are creating short-term pressure on the ZEC price.

3️⃣ Institutional investors continue to position themselves, long-term outlook for ZEC development is positive Nasdaq-listed Cypherpunk Technologies Inc. has again invested $18 million to purchase 29,869.29 ZEC, with an average purchase price of $602.63. The company's total ZEC holdings have now reached 233,644.56 ZEC, accounting for 1.43% of the total supply of the Zcash network. The company aims to ultimately hold at least 5% of the total supply of ZEC, continuing to advance its Zcash-centric digital asset treasury strategy. The continued accumulation by institutional investors provides long-term support for ZEC.

From a technical perspective, the ZEC price has encountered resistance and retreated near the $700 mark, and may face further adjustment pressure in the short term. However, from a fundamental standpoint, Zcash's position in the privacy coin sector remains solid, and the continued positioning by institutional investors reflects confidence in its long-term development. Investors should closely monitor the outcomes of the SEC roundtable discussions, the movements of large holding addresses, and the development progress of the Zcash network.

This message is not intended as investment advice; investors should be aware of market volatility risks.