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Grayscale commits $1M to Zcash ecosystem amid ZEC price drop below $1,000

Market News
10 Nov 2026, 21:58 WIB
Bitcoin
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Grayscale commits $1M to Zcash ecosystem amid ZEC price drop below $1,000

Grayscale announced a $1 million commitment to support the Zcash ecosystem, awarding $400,000 in initial grants to four key Zcash groups focused on development, advocacy, and privacy education. The campaign includes a national promotion featuring Wall Street Journal ads and an educational platform to boost investor awareness of Zcash and its ETF, ZCSH. Grayscale will reinvest 100% of fund management fees for up to a year to support ongoing development and marketing. Despite a recent price drop below $1,000, ZEC has more than doubled in value since the start of the year, highlighting continued interest in privacy-focused cryptocurrencies.

Zcash (ZEC) has seen a significant price drop of 12.14% in one day, trading at Rp18.633.354 as of Nov 11, 2026 03:02 WIB on Pluang. This decline contrasts with its strong year-to-date performance noted in the news. Despite the recent sell pressure, with Pluang order activity at 100% Sell, ZEC maintains a market cap of Rp7,04 trillion and a typical hold time of 108 days, indicating some investor confidence in the asset's longer-term potential.

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