{ "slug": "why-is-zec-down-today-2026-11-11", "question": "why is ZEC down today", "capturedAt": "2026-11-11T07:46:31.901Z", "source": "Spectre Search answer data (search.spectreai.io) and Spectre market, X and news records", "evidence": "Today is November 11, 2026 (2026-11-11).\n== MAIN QUESTION: why is ZEC down today\nSpectre headline: Why Zcash is down 14.4% today\nSpectre read: Zcash is −21.2% this week, in line with its backdrop: layer 1s are down too (median −6.4%). Backdrop: layer 1s: median −6.4% over 7 days; 3 of 38 up. Recent catalysts: Nov 10: The Next Era Of Crypto Is Here zcash:native · Nov 10: Huge congrats to the Free Society Hack Privacy track winners. Real tools for real problems: safer first payments, less linkage, better exits, private bookkeepin. Team activity: Very active (7 posts in 7 days, 12 in 30).\nSpectre AI answer: Zcash is down 14.4% today, part of a 21.2% weekly decline that mirrors the broader layer‑1 slide of a median −6.4% over the past week. The drop follows a week of network upgrades, including NU7’s activation on Nov 6, 2026, which cut block time and reissued fees, and a recent block‑time cut proposal on Nov 9, 2026. The team has been active, posting seven times in the last seven days, with official announcements on Nov 10, 2026 from @zcash about “The Next Era Of Crypto Is Here” and congratulating privacy‑track winners. Watch for the next scheduled update on the Network Sustainability Mechanism, slated for release in the coming weeks, as reported by @zcash. The market remains thin, with $1.27 B traded in 24 h.\nBigger picture (Spectre data; dollar figures in USD): {\"subject\":{\"id\":\"zcash\",\"symbol\":\"ZEC\",\"name\":\"Zcash\"},\"chain\":null,\"sector\":{\"sector\":\"layer-1\",\"label\":\"layer 1s\",\"chain\":null,\"count\":\"38\",\"median7d\":\"-6.4%\",\"median24h\":\"-2.04%\",\"up7d\":\"3\",\"leaders\":[{\"symbol\":\"BTC\",\"change7d\":\"-5.31%\"},{\"symbol\":\"ETH\",\"change7d\":\"-10.36%\"},{\"symbol\":\"BNB\",\"change7d\":\"-2.94%\"}]},\"cycle\":{\"change24h\":\"-14.37%\",\"change7d\":\"-21.19%\",\"change30d\":\"-26.49%\",\"change1y\":\"1698.2%\",\"fromHigh\":\"-69.09\",\"highDate\":\"2016-10-28T16:00:00.000Z\",\"since\":\"2016-10-28\"},\"catalysts\":[{\"date\":\"2026-11-10T14:46:57.000Z\",\"text\":\"The Next Era Of Crypto Is Here zcash:native\",\"kind\":\"Official post\",\"source\":\"@zcash\",\"url\":\"https://x.com/zcash/status/2120166324873961692\"},{\"date\":\"2026-11-10T02:37:31.000Z\",\"text\":\"Huge congrats to the Free Society Hack Privacy track winners. Real tools for real problems: safer first payments, less linkage, better exits, private bookkeepin\",\"kind\":\"Official post\",\"source\":\"@zcash\",\"url\":\"https://x.com/zcash/status/2119982759578108411\"},{\"date\":\"2026-11-09T15:56:25.000Z\",\"text\":\"ZODL is integrating Oblivious HTTP (OHTTP). 🛡️ $ZEC\",\"kind\":\"Official post\",\"source\":\"@zcash\",\"url\":\"https://x.com/zcash/status/2119821418108231705\"},{\"date\":\"2026-11-09T14:22:45.000Z\",\"text\":\"A Peer-to-Peer [Encrypted] Electronic Cash System That's Zcash 🛡️\",\"kind\":\"Official post\",\"source\":\"@zcash\",\"url\":\"https://x.com/zcash/status/2119797848606687590\"},{\"date\":\"2026-11-06T02:41:59.000Z\",\"text\":\"NU7 has successfully activated on mainnet. A new era of Zcash is here. $ZEC\",\"kind\":\"Official post\",\"source\":\"@zcash\",\"url\":\"https://x.com/zcash/status/2118534331090284580\"}],\"upcoming\":[],\"team\":{\"lastPostAt\":\"2026-11-10T14:46:57.000Z\",\"posts7d\":\"7\",\"posts30d\":\"12\",\"activeDays7d\":\"3\",\"state\":\"very\",\"label\":\"Very active\",\"handle\":\"zcash\"},\"liquidity\":{\"volume24h\":\"1.27B\",\"turnoverPct\":\"7.58%\",\"thin\":false},\"disclosure\":null,\"marketTone\":{\"posts\":\"350\",\"bullPct\":\"77%\",\"bearPct\":\"19%\",\"baselineBullPct\":\"78%\",\"credibleBullPct\":\"73%\",\"credibleBearPct\":\"20%\",\"poorBullPct\":\"74%\"},\"crowd\":{\"mentions7d\":\"1503\",\"authors7d\":\"800\",\"velocity\":\"1.22\"},\"intel\":{\"cg_id\":\"zcash\",\"symbol\":\"ZEC\",\"generated_at\":\"2026-11-11T07:47:03.353Z\",\"xdash\":{\"as_of\":\"2026-11-11T07:24:45.271577+00:00\",\"mentions_24h\":\"228\",\"mentions_7d\":\"1503\",\"authors_24h\":\"175\",\"authors_7d\":\"800\",\"velocity_ratio\":\"1.22%\",\"pace\":\"about its usual pace\",\"novelty_ratio\":\"1.07%\",\"clean_signal\":\"0.707\",\"promo_share\":\"0.202\",\"unique_author_share\":\"0.768\",\"crowding\":\"0.097\",\"alerts\":[\"broadening\"],\"durability\":\"0.772\",\"coordinated_clusters\":\"2\",\"voices\":[{\"handle\":\"trader1sz\",\"name\":\"TraderSZ\",\"kind\":\"promoter\"},{\"handle\":\"joinwebzero\",\"name\":\"WebZero\",\"kind\":\"commentator\"},{\"handle\":\"intents_infobot\",\"name\":\"NEAR Intents InfoBot\",\"kind\":null},{\"handle\":\"BSCNews\",\"name\":\"BSCN\",\"kind\":null},{\"handle\":\"BTCTurtle\",\"name\":\"Michelangelo.zec ⓩ🛡️\",\"kind\":null},{\"handle\":\"rollergirlVi\",\"name\":\"Vi, that trans girl with the QR code tattoo\",\"kind\":\"commentator\"}],\"segment\":\"major\",\"category\":\"Privacy Coins\"},\"xdash_agent\":null,\"crowd_pressure\":{\"as_of\":\"2026-11-11T04:00:00.000Z\",\"crowd_pct\":\"11th percentile\",\"level\":\"quiet\",\"drivers\":[\"move in 72h low (-2.3σ)\",\"open interest build (72h) low (-1.5σ)\",\"liquidations vs OI (24h) high (+1.3σ)\"],\"narrative\":\"Privacy\"},\"brain\":{\"desk_calls\":[{\"direction\":\"bear\",\"conviction\":\"75\",\"horizon\":\"1d\",\"lens\":\"leverage\",\"at\":\"2026-11-11T04:19:02.256Z\"},{\"direction\":\"bear\",\"conviction\":\"72\",\"horizon\":\"1d\",\"lens\":\"leverage\",\"at\":\"2026-11-10T19:19:00.430Z\"},{\nQuote Zcash (ZEC): price 986.58; 1h -3.77%; 24h -14.37%; 7d -21.19%; 30d -26.49%; 1y 1698.2%; market cap 16.81B; FDV 16.82B; volume 24h 1.27B\nThe bigger picture: layer 1s: median −6.4% over 7 days; 3 of 38 up; Cycle: −21.2% 7d, −26.5% 30d, +1698% 1y; −69% from its Oct 2016 high; trading since Oct 2016; Recent catalysts: Nov 10: The Next Era Of Crypto Is Here zcash:native · Nov 10: Huge congrats to the Free Society Hack Privacy track winners. Real tools for real problems: safer first payments, less linkage, better exits, private bookkee… (@zcash); Team activity: Very active (7 posts in 7 days, 12 in 30) (@zcash); Talk on X: 1503 posts from 800 accounts in 7 days, above its usual pace (1.22x) (crowd opinion, not fact); Talk on X (24h): 228 posts from 175 accounts, about its usual pace; 2 copy-paste clusters, spreading to new accounts (crowd opinion, not fact); Crowd positioning: quiet (11th percentile): move in 72h low (-2.3σ) (Spectre crowd-pressure board); Brain desk: Bearish 1d call, conviction 75 (Nov 11) (Spectre Brain); Liquidity: $1.27B traded in 24h\nTechnicals ZEC (1d): signal mixed; bullish 4 of 10; bearish 5; RSI 34.8; note Timeframes differ: 1H bearish, 4H bearish, 1D mixed, 1W bullish\nHeadlines: Grayscale Bets $1 Million on Zcash as Privacy Coin Tumbles ( 2026-11-10T19:16:02.000Z)\n[news · Decrypt · 2026-11-10T19:16:02.000Z] Grayscale Bets $1 Million on Zcash as Privacy Coin Tumbles — Grayscale plans to direct $1 million from its Zcash ETF fees to ecosystem nonprofits and launched a national ad campaign, as ZEC fell more than 11%. \n[news · The Block · 2026-11-10T17:52:14.000Z] Grayscale pledges $1 million alongside Zcash ad blitz as token and ETF fall 12% — Grayscale’s Zcash push comes as its ETF faces continued withdrawals, extending October’s net outflows. \n[news · Cointelegraph · 2026-11-09T05:36:08.000Z] Zcash devs propose another block time cut days after NU7 upgrade — The proposed reduction aims to shorten transaction confirmation times and improve the user experience for point-of-sale payments, exchange deposits and cross-chain swaps. \n[team · The_ant_miner · 2026-11-10T00:38:36.000Z] Project post — 5 epochs in the books. 13.13 zcash:native paid out 7210$ $ant burned (more every epoch) 16 forges 194/210 Ant Miners remain 81 holders Epoch 6 begins 11/10 at 630pm EST. https://t.co/gkEhl7ruUt \n[x · DamiDefi · 2026-11-08T09:26:44.000Z] Community post — Everything is down and somehow privacy coins barely flinched. • $ZEC is up 0.8% on the week, which says a lot lol • Zcash’s NU7 upgrade went live Nov 5. Blocks now land every 25 seconds instead of 75 • $XMR is down just 1.3%, still up over 120% from its Febru… \n[youtube · CoinDesk · 2026-11-07T14:00:39.000Z] Grayscale's Krista Lynch on the ETF Playbook — CoinDesk's David LaValle and Kate Irwin sit down with Krista Lynch, Managing Director and Head of Trading and Capital Markets of Grayscale, at the Ripple Swell conference. Lynch details the launch of Grayscale's Zcash ETF, which she says reached roughly $1 bi… \n[x · CryptocapoOO · 2026-11-06T18:24:02.000Z] Community post — 🚨 ZCASH ($ZEC) ESTÁ DESPERTANDO CON FUERZA FRENTE A BITCOIN. ZEC/BTC sube más de un 6,5% en una sola sesión y vuelve a atacar la zona de los 0,018 BTC. Después de una fuerte corrección, el precio está recuperando terreno y mostrando una clara entrada de fuer… \n[youtube · Bankless · 2026-11-06T17:06:04.000Z] Can Bitcoin Survive the AI Selloff? — Bitcoin just survived a $6B exchange hack and bounced right back to $80k.⁣ ⁣ “I was expecting after a $6,000,000,000... the largest crypto exchange get hacked... to be down like 15, down 20% on Bitcoin. And yet we recovered.”⁣ ⁣ Now the real test: an AI-drive… \n[team · saplingdotcash · 2026-11-06T16:39:30.000Z] Project post — zm! @TaikiMaeda2 asked the right question, and the answer is you don't have to pick if zec takes btc's lunch, the biggest winners are the places zec actually gets used, not just held. that's sapling: launch and trade straight from your own zcash wallet, holde… \n[x · altcoinsherpa · 2026-11-06T02:24:33.000Z] Community post — $ZEC: Seeing a lot of discourse on this one on the timeline lately so I thought I'd give my 2c Pros for ZCash: -very valid/easily digestible story. Fixed supply, 'the next bitcoin', privacy -it cant be priced (this is bullish). defi products and regular compa… \n[team · igor_zs1 · 2026-11-04T19:58:24.000Z] Project post — banks couldn't save sarah. square couldn't save sarah zcash did and now sapling is helping her rebuild phished out of every dollar she had, and the only money they couldn't touch was her shielded zcash:native @zooko told her story. zcashers answered with 23.7… \n[team · LaunchOnPeak · 2026-11-04T18:32:10.000Z] Project post — Privacy pairs are now live on Peak. 🕶️ Launch your coin paired to $ZEC (Zcash) or $XMR (Monero). → Your bonding curve is priced in ZEC or XMR → Holders get ZEC or XMR airdropped straight to their wallets, automatically → Buyers still just use SOL, Peak route… \n[news · The Block · 2026-11-09T02:36:01.000Z] What is Zcash (ZEC)? How shielded transactions work — Zcash (ZEC) is a privacy coin and blockchain launched in 2016. It allows users to make both public and private transactions. The latter — called “shielded transactions” on the network — make use of zero-knowledge proofs called zk-SNARKs to verify payments wit… \n[news · Decrypt · 2026-11-06T10:13:27.000Z] Zcash's NU7 Upgrade Goes Live, Recycling 60% of Fees to Fund Future Block Rewards — The Network Sustainability Mechanism will reissue removed ZEC from 2031 within the 21 million cap, as the community debates its dev fund. \nX talk: 228 mentions from 175 accounts in 24h; official posts in 24h 0; 7d mentions 1503, accounts 800\nCROWD POST (opinion) @ZetoshiX 2026-11-11T06:56:22.000Z: After a long time, $ZEC is finally crashing. https://t.co/ioGI4OwAJF\nCROWD POST (opinion) @MtroX207 2026-11-11T06:55:27.000Z: $ZEC below $1,000 feels like discount. Time to add more Zcash?\nCROWD POST (opinion) @JesseOlson 2026-11-11T06:50:55.000Z: $ZEC nailed target three of four and indeed price just dropped below $1,000. 👀 Long liquidation clusters and target four still remain. Sub $800? https://t.co/km5ufg9ex5\nCROWD POST (opinion) @DragonCRYPTIQ26 2026-11-11T06:43:03.000Z: $ZEC has now dropped below $1,000. Just yesterday, I shared my $ZEC trading plan with the VIP group. The market has since continued lower, with $ZEC now down around 13% in 24 hours. This is why I prefer having a plan be…\nCROWD POST (opinion) @tgd_duu 2026-11-11T06:32:25.000Z: To those who bought $ZEC at the $1698 price point are you guys doing okay? https://t.co/NP76KbK3HJ\nCROWD POST (opinion) @pumpglas 2026-11-11T06:17:37.000Z: $ZEC update: price is sitting right on a $4.2M bid wall at ~$996, just 1.2% below. After the 12% drop, short whales are $33M in unrealized profit, 93% of them in the green. Liquidations around price: - Below: $2.9M at ~…\nAbout the project: Zcash is a privacy-focused cryptocurrency that uses trustless zero-knowledge proofs to enable fully encrypted transactions while maintaining blockchain transparency and security. It was the first cryptocurrency to implement zero-knowledge encryption for private peer-to-peer payments, addressing the fundamental privacy gap in traditional cryptocurrencies that expose transaction details publicly. With a fixed supply o…\nNews: Zcash devs propose another block time cut days after NU7 upgrade ([object Object], 2026-11-09T05:36:08.000Z) \nNews: What is Zcash (ZEC)? How shielded transactions work ([object Object], 2026-11-09T02:36:01.000Z) \nNews: Zcash's NU7 Upgrade Goes Live, Recycling 60% of Fees to Fund Future Block Rewards ([object Object], 2026-11-06T10:13:27.000Z) \nNews: Zcash NU7 upgrade goes live, leaves 12,224 ZEC stranded in Sprout pool ([object Object], 2026-11-06T09:00:36.000Z) \nNews: Zcash’s major network upgrade NU7 goes live on mainnet, cutting block time by threefold ([object Object], 2026-11-06T07:36:42.000Z) ", "sources": [ { "label": "Decrypt: Grayscale Bets $1 Million on Zcash as Privacy Coin Tumbles", "url": "https://decrypt.co/382962/grayscale-bets-1-million-on-zcash-as-privacy-coin-tumbles" }, { "label": "The Block: Grayscale pledges $1 million alongside Zcash ad blitz as token and ETF fall 12%", "url": "https://www.theblock.co/news/markets/2026-11-10-grayscale-pledges-1-million-alongside-zcash-ad-blitz-as-token-and-etf-fall-12-437277" }, { "label": "Cointelegraph: Zcash devs propose another block time cut days after NU7 upgrade", "url": "https://cointelegraph.com/news/zcash-developers-propose-20-second-blocks-nu7-upgrade" }, { "label": "DamiDefi: Community post", "url": "https://x.com/DamiDefi/status/2119360966681121171" }, { "label": "CryptocapoOO: Community post", "url": "https://x.com/CryptocapoOO/status/2118771404212732368" }, { "label": "altcoinsherpa: Community post", "url": "https://x.com/altcoinsherpa/status/2118529944791994694" }, { "label": "The Block: What is Zcash (ZEC)? How shielded transactions work", "url": "https://www.theblock.co/learn/ecosystems/what-is-zcash-zec-435779" }, { "label": "Decrypt: Zcash's NU7 Upgrade Goes Live, Recycling 60% of Fees to Fund Future Block Rewards", "url": "https://decrypt.co/382692/zcashs-nu7-upgrade-goes-live-recycling-60-of-fees-to-fund-future-block-rewards" } ] }