Zcash Price Slides 23% as Grayscale ETF Hits Reverse

Zcash's ZEC token fell 23% from its September 27 peak of $1,697 to near $1,335. Grayscale's zcash ETF saw about $93 million exit during its first negative week, and futures leverage was wrung out. The decline follows September's strong rally, with the market now consolidating after the sharp reversal.