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Zcash price dips after rally amid debate over $95M developer fund's future

Protocol Fundamentals
21 Sep 2026
CrowdFundInsider
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Neutral
Zcash price dips after rally amid debate over $95M developer fund's future

Zcash (ZEC) price pulled back from a September peak near $1,590 to about $1,430, pausing after a strong rally. Institutional interest remains high, supported by Grayscale's Zcash ETF and a planned share split. The main issue is a debate over the Zcash Development Fund, which holds about 63,962 ZEC (worth roughly $95 million) and receives 12% of block rewards until 2028. Key voices differ on whether to keep, reform, or end the fund, which finances protocol development. The community is divided between maintaining a developer treasury for ongoing upgrades or ossifying Zcash into a simpler, Bitcoin-like store of value. This debate will shape Zcash's future governance and monetary policy.

Zcash (ZEC) is trading at Rp25,889,261 on Pluang as of September 22, 2026, 10:21 WIB, down 3.81% in the past day. Its market cap stands at Rp7.04 trillion with a circulating supply of 16.3 million ZEC, which is 78% of the total maximum supply. The typical holding period on Pluang is 106 days, indicating moderate investor engagement despite the ongoing debate over the Zcash Development Fund's future.

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