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Zcash price drops over 25% amid proposal to cut 50,000 ZEC from grants treasury

Market News
12 Nov 2026, 12:41 WIB
Blockonomi
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Bearish
Zcash price drops over 25% amid proposal to cut 50,000 ZEC from grants treasury

Zcash (ZEC) price fell more than 25% in a week, trading near $979 as the community prepares to vote on removing 50,000 ZEC from its grants treasury, representing over half of the treasury's holdings. The proposal aims to reduce the treasury due to ZEC's recent price rise, redirecting funds to a new development and legal defense fund. Meanwhile, Grayscale's Zcash ETF saw nearly $30 million in outflows, and leveraged traders faced $18 million in liquidations. The community vote runs from November 16 to 30, with further network upgrades pending if consensus is reached.

Zcash (ZEC) trades at Rp17.993.405 on Pluang as of Nov 12, 2026 18:02 WIB, showing a modest 0.98% gain in the last day despite recent price volatility. The market cap stands at Rp7,04 trillion with a 24-hour trading volume of Rp787,62 million. Notably, all Pluang order activity is currently sell orders, reflecting cautious investor sentiment ahead of the community vote on the treasury cut.

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