Key Notes
- ZEC plunged almost 22% in at some point and misplaced a long-term trendline.
- A significant lengthy place price $7.3M now sits on over $4.4M in unrealized losses.
- Analyst Crypto Patel warns ZEC might ultimately fall under $200.
Zcash
ZEC
$364.7
24h volatility:
18.6%
Market cap:
$5.99 B
Vol. 24h:
$1.07 B
recorded a whopping 22% fall inside a single day, as costs dropped towards the $360 zone. The crash put stress on merchants who entered aggressive positions at larger ranges and turned what as soon as appeared like a breakout to $10,000 right into a deep correction.
A notable pockets that opened a large lengthy place of 20,386 ZEC ($7.3 million) solely 9 days earlier is now deep beneath water, locked in $4.4 million of unrealized losses. As per Lookonchain, to keep away from liquidation, the dealer deposited one other 1.5M USDC.
The dealer 0xCF90 who went lengthy on 20,386 $ZEC($7.3M) 9 days in the past is now sitting on over $4.4M in unrealized losses!
To keep away from liquidation, he deposited one other 1.5M $USDC to Hyperliquid 2 hours in the past.https://t.co/RClzPzgk9i pic.twitter.com/t0fbuE1PI7
— Lookonchain (@lookonchain) December 1, 2025
ZEC Worth Evaluation: Underneath $200?
ZEC is trading virtually 94% beneath its all-time excessive, seen over 9 years in the past. The pullback noticed the altcoin breaking below the ascending trendline on the chart and leaving merchants to reassess short-term expectations.
Curiously, analyst Crypto Patel, who beforehand alerted followers in regards to the dangers above the $700 space, identified that self-discipline fairly than hope drives survival throughout drastic reversals. He now expects ZEC to succeed in beneath $200 after a number of value pullbacks.
UPDATE: $ZEC Quick Wins: How I Warned You Earlier than the Crash
At the moment buying and selling round $351, down ~50% from my entry warning above $700.
Reminder: I repeatedly stated to not enter longs at $700+ because of excessive danger. If you happen to averted chasing FOMO, you saved capital. If you happen to took a brief at… https://t.co/r9JZh13oFE pic.twitter.com/lPUuEqWoml
— Crypto Patel (@CryptoPatel) December 1, 2025
Patel additionally expects a reduction bounce towards $400–$450 earlier than any deeper crash. The chart under exhibits a decisive break beneath development assist as the provision zone between $700 and $800 stays untouched after the rejection.
The psychological assist seems close to $300, however a failure there will increase the likelihood of a drop under the $200 space.
ZEC value motion inside a rising wedge | Supply: TradingView
Vitalik Buterin’s Warning
Ethereum co-founder Vitalik Buterin urged the ZEC neighborhood to withstand token-based governance and argued that such fashions focus affect and weaken safeguards that shield privateness.
I hope Zcash resists the darkish hand of token voting.
Token voting is dangerous in every kind of how (see https://t.co/Cvl7CFVgtc ); I feel it is worse than Zcash’s establishment.
Privateness is precisely the kind of factor that can erode over time if left to the median token holder. https://t.co/NbRqGLOrpj
— vitalik.eth (@VitalikButerin) November 30, 2025
He drew consideration to how selections pushed by median token holders are likely to prioritize short-term incentives fairly than core rules. For a venture that’s targeted on privateness, the governance mannequin determines whether or not the protocol stays true to its roots.
ZEC Crash Nears: PEPENODE Presale Hits $2M Mark
Whereas ZEC merchants face losses, PEPENODE, an progressive crypto venture, is getting into the market highlight with a model new method to digital asset mining.
PEPENODE permits customers to construct their very own digital meme coin mining rigs and provides them a digital house the place mining performs out extra like a private venture. Customers can form their very own setup, alter it, and watch it develop at their very own tempo.
Whereas mixing private development with token utility, PEPENODE has raised a whopping $2.2 million in its ongoing presale, with 30 hours till the following value enhance. With staking rewards at 579%, early backers stand to achieve essentially the most.
Need to purchase PEPENODE within the ongoing crypto presale? Study extra in regards to the venture alongside the token’s price prediction on Coinspeaker.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any selections primarily based on this content material.
A crypto journalist with over 5 years of expertise within the business, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets through the years. Parth can also be an writer of 4 self-published books.