ZEC drops below $500 as over 200K coins are unshielded in early January 2026

In early January, a major ZCash holder unshielded over 200K ZEC worth more than $100M, while prices fell below $500 to $492.51 and briefly $484.41. About 4.86M ZEC remain shielded, and open interest declined to $764M. Traders eye resistance near $520 amid reduced mindshare and a noted sell limit at $509.