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Zcash hits $1,280 but whale investors revolt over million-dollar grant spending.

Market News
01 Nov 2026, 13:56 WIB
UToday
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Bearish
Zcash hits $1,280 but whale investors revolt over million-dollar grant spending.

Zcash (ZEC) reached a price milestone of $1,280 with a market cap of $21.8 billion in late October 2026. However, a dispute erupted within the community over the Zcash Community Grants (ZCG) program, which allocates part of miners' rewards to fund social projects without coinholder votes. Large investors, or "whales," protested this spending approach, leading a major holder to announce a full sell-off of ZEC holdings. The conflict sparked a broader debate on decentralized money's purpose, with some advocating for limiting grant funds and others defending them as humanitarian efforts. The price stabilized between $1,220 and $1,245 after failing to surpass $1,390, while the governance dispute remains unresolved.

The recent turmoil over Zcash's community grant program highlights ongoing tensions among large holders. On Pluang, ZEC trades at Rp22,499,890 with a 3.03% drop over the past day as of Nov 01, 2026 19:12 WIB. The market cap stands at Rp7.04 trillion, with a circulating supply of 16.3 million ZEC, reflecting active engagement despite governance disputes.

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