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On October 11, 2025, the crypto market experienced the largest contract liquidation day in the industry’s history, with a single-day contract liquidation volume of US$19.1 billion. This plunge is a baptism for the crypto market, and it is also a mirror that shows which targets have greater resilience in such extreme market conditions. Among them, $ZEC, a cryptocurrency in the privacy sector, attracted much of the market’s attention. On the day of the crash, $ZEC briefly fell from $268 to below $200, but in the following two days, the price quickly recovered and rose to a high of $293, a 37% increase from its pre-crash high, becoming the first to complete “post-disaster reconstruction” after this black swan event. The rapid rebound after the black swan event was very impressive, but…# Analysis# Airdrop# crypto# defi# Exchange# Market# TokenPre
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