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Grayscale pledges $1M to Zcash ecosystem, with $400K already granted to key projects.

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11 Nov 2026, 11:08 WIB
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Grayscale pledges $1M to Zcash ecosystem, with $400K already granted to key projects.

Grayscale committed $1 million to support the Zcash ecosystem, distributing $400,000 to four organizations focused on development, policy, and research. The remaining $600,000 recipients are yet to be announced. Additionally, Grayscale plans to redirect 100% of the sponsor fees from its Zcash fund (ZCSH) back into the ecosystem for up to one year, though this is voluntary and may include marketing the fund itself. The initiative includes an educational platform and advertising campaign to promote Zcash and the fund. Investors should watch for updates on fund distribution and fee use, as Grayscale can modify or end the pledge at any time.

As of Nov 11, 2026 16:21 WIB, Zcash (ZEC) is trading at Rp17.565.670 on Pluang, down 14.81% in the last day with a market cap of Rp7,04 trillion. The platform shows 100% sell orders and a typical hold time of 108 days, indicating strong selling pressure despite Grayscale's $1 million pledge to support the ecosystem. The 24-hour trading volume stands at Rp787,62 million, highlighting active market participation.

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