Zcash (ZEC) is trading near $532.44 as of Wednesday, July 22, 2026, following a sharp pullback from intraday highs of $553.93 on July 21. The privacy-focused cryptocurrency has experienced volatile price action over the past 48 hours, declining 2.75% over the past 24 hours and 4.1% over the past 7 days, yet remains positioned as the 12th-largest cryptocurrency by market capitalization at $8.94 billion. The recent volatility reflects profit-taking after a significant rally driven by anticipation of the Ironwood (NU6.3) network upgrade, which has propelled ZEC approximately 37% higher since the upgrade was deployed to testnet in early July.