ZEC Token Drops 12% as Regulatory Changes and Market Outflows Drive Volatility Surge

Zcash (ZECUSDT) experienced a significant price decline in the past 24 hours, with the Binance price falling 12.27% to $245.42, largely attributed to broader bearish momentum in the crypto market, intensified capital outflows, and recent regulatory developments such as Dubai's ban on privacy-focused cryptocurrencies. Additional factors include a surge in short positions, declining spot and derivatives market activity, and technical indicators signaling persistent selling pressure, including an oversold RSI and widening Bollinger Bands. The 24-hour trading volume for ZEC remains robust, reflecting increased market activity amid heightened volatility, with the circulating supply at approximately 16.52 million ZEC and a market capitalization near $4.03 billion.