According to CryptoSlate citing CoinMarketCap data, ZEC was trading at approximately $965 on November 12, with a 24-hour low of around $953. Citing a Kairos Research study on the November 10 market movement, the article noted that the initial sell-off was primarily driven by the active closing of long positions rather than forced liquidations. The research also stated that as of 18:00 UTC on November 11, Coinbase had received an influx of 16,300 ZEC following the drop, with 9,800 of those tokens coming from three previously inactive wallets; these wallets still hold approximately 19,000 ZEC. The aforementioned transfers to the exchange do not prove that a sale has occurred or indicate a definitive intention to sell, nor do they imply that subsequent inflows caused the preceding price decline. Prices reflect data at the time of reporting.