Zcash Slumps by $196 to $1,384 Amid Liquidation Frenzy

Zcash has taken a significant hit in recent hours, dropping 6.50% to $1,384 by 12:28 a.m. ET (04:28 UTC) on September 29.

This decline extends the token's 24-hour loss to 11.76%, with its price plummeting from $1,480 just four hours prior.

The largest contributors to this downward trend are liquidations across major exchanges Binance, Bybit, and OKX, which totaled $10,000 in long positions and $20,000 in short positions during the same hour.