$ZEC Price Surge Triggers $212M Crypto Liquidations

A sudden surge in Zcash ($ZEC) has propelled it into the top 10 cryptocurrencies by market capitalization, contributing to a wave of liquidations worth approximately $212 million in the last 24 hours.

The price of $ZEC rose around 15% over the past day, reaching $1,170. According to CoinGlass data, this sharp price movement triggered significant liquidations, with total crypto liquidations reaching approximately $212 million.

$ZEC was the cryptocurrency with the most liquidations during this period, with approximately $45.32 million in losses. Ethereum (ETH) followed closely, with around $35.16 million in liquidations.