ZEC Token Sees 3.24% Drop Amid $890M Volume Surge and Institutional Accumulation

ZECUSDT experienced a 3.24% price decline in the last 24 hours, with the current Binance price at $442.21. The recent pullback follows increased trading volume and volatility, partly driven by a short squeeze as retail shorts were absorbed by larger wallets and heightened accumulation by institutional investors. Positive sentiment earlier in the period was influenced by the U.S. Federal Reserve rate cut, ETF developments, and technical breakout attempts, but regulatory uncertainties and profit-taking contributed to the subsequent decrease. Zcash remains actively traded, with a 24-hour volume exceeding $890 million and a market capitalization around $7.1 billion, maintaining significant interest from both retail and institutional participants.