Zcash Dominates Crypto Liquidations with $28.73 Million

Zcash has taken the top spot in crypto market liquidations, surpassing both Ether and Bitcoin. The total liquidation value for Zcash over a 12-hour period ending on September 29 was $28.73 million. This figure significantly exceeds the $15.58 million in liquidations for Ether and the $15.08 million seen with Bitcoin.

The decline of Zcash's price contributed to these high liquidation numbers, as it fell nearly 10% over a 24-hour period. The current trading price for ZEC is at 1,404 USDT.