--- title: "Why did Zcash drop 3.0% on October 23, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/zcash/2026-10-23" date: 2026-10-23 --- # Why did Zcash drop 3.0% on October 23, 2026? On October 23, 2026 (UTC), ZEC went from about $1,219.43 to $1,182.52 (-3.00%) on OKX · USDT, trading between $1,158.64 and $1,258.78. For the closed-hour 24h window: ZEC's BTC-adjusted comparison is unavailable; the observed data does not identify a cause. ZEC fell further than this on 9 of the past 29 days. Zcash moved down over the latest 24 hours by about its usual daily amount, with some other tracked coins moving the same way and trading volume near usual. No recent report about the coin explains the move, so the cause is unresolved. On the OKX perpetual swap, funding sat near zero while open interest fell, conditions that accompanied the move rather than caused it. - Day open / close: $1,219.43 → $1,182.52 (24 hourly candles, OKX · USDT) - Day range: $1,158.64 – $1,258.78 - Versus the past month: 9 of the past 29 days fell further; Closed-hour 24h move -3.00%, 0.9× its prior 30-day median of 3.5%. - 30-day range: 30.3% below the high · 12.8% above the low; From hourly highs and lows on the same venue - Other tracked coins: 5 of 18 moved the same way; 3 moved the other way - 24h volume: 0.9×; of its prior 30-day daily average - Perpetual swap: funding near zero · open interest falling; OKX perpetual swap ZEC-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to 24/10/2026, 00:00 UTC. ## Still open - Whether any project or exchange announcement about Zcash was made in this period, which an official statement or exchange notice would settle. - Whether holders moved coins to or from exchanges around this time, which on-chain exchange-flow data would settle. - What drove the decline in open interest on the OKX perpetual swap, which exchange or venue derivatives data covering the period would clarify. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. [Zcash (ZEC) price and news]() [Methods and limitations]()