Content overview: “Zcash Plunges 21% From $1,698 Peak Amid ETF Outflows and North Korea Heist Fears”. Zcash (ZEC) has tumbled 21% from its recent high of $1,698, rattled by a combination of ETF outflows and security concerns after a suspected North Korean heist allegedly used its shielded pool to launder funds. The privacy coin had been on a strong rally, but the sudden drop has left traders questioning whether the correction is a temporary dip or the start of a deeper slide. Key factors behind the decline include significant withdrawals from Zcash-focused exchange-traded products, which had previously been a major driver of institutional demand.
Additionally, blockchain analysts have linked a portion of stolen cryptocurrency from a major exchange breach to Zcash's privacy-enhancing technology, raising regulatory and reputational risks. Despite the sell-off, some market participants see the pullback as a potential buying opportunity, citing Zcash's strong fundamentals and ongoing development of its shielded transactions. The full version stays on the original page, which this listing opens directly.