According to Decrypt, Zcash (ZEC) has fallen approximately 21 percent from its recent high of $1,698. The decline occurred following outflows from a cryptocurrency exchange ETF and indications that funds linked to a suspected North Korean heist were routed through Zcash’s shielded pool.
The price movement reflects market reactions to both the ETF development and the presence of illicitly sourced funds in the shielded wallet infrastructure. No details are provided regarding the amount of funds involved, timing of the routing, or confirmation of criminal affiliation; only a description of “suspected North Korean heist” is mentioned.
Analysts note that the situation could influence trader behavior, though no specific predictions or market forecasts are included. The article asks whether the price decline represents the end of a rally or an opportunity for buyers to enter at lower levels, without stating any certainty.
