Zcash Falls 25% Below $500 as Market Cap Drops Over $3 Billion

Zcash declined 25% in 24 hours on November 11, dropping below $500 to reach intraday lows of $476. The selloff eliminated more than $3 billion in market capitalization, while daily trading volume surged 156% to $5.14 billion. The decline reversed gains from a rally that had pushed ZEC to $744 in early November.