Zcash Price Down 1.9% as Shielded Pool Reaches 4.95M ZEC

ZEC was trading at $1,217.86 on October 9, representing a 1.9% decline over the preceding 24 hours. Market capitalization stood at $20.67 billion with $1.576 billion in 24-hour volume, placing ZEC at rank 10.

The network's shielded pool reached 4.95 million ZEC as of October 9, up 915 ZEC in the prior 24 hours, representing 29.15% of total supply. Transaction activity increased 34.1% over the same period, with 8,501 transactions processed. Of those, 41.8% involved the shielded pool—comprising 1,368 shielded-only transactions and 2,185 mixed transactions.

Grayscale's Zcash Trust (ZCSH) held net assets of $655.95 million, down 14.48% from the prior period. The trust's market price was $31.02 per share as of October 8, with settled flows of negative $18.66 million the previous day.

Network height reached block 3,511,409 with difficulty at 280.92 million, placing the next halving approximately 894,991 blocks ahead.