Zcash Faces Grant Governance Dispute as ZEC Selling Pressure Builds
Zcash faced increased selling pressure in late October as a dispute over Zcash Community Grants (ZCG) raised concerns about governance and oversight. ZEC briefly reached about $1,280, then traded around $1,220–$1,245, below resistance near $1,390 and its late-September high of $1,698. Its reported market capitalisation was $21.8 billion.
Bearish
The dispute over ZCG’s authority to distribute substantial block-reward funding without a direct coinholder vote may weaken confidence in Zcash governance. Some critics called for stronger oversight and a focus on technical development. Investor “big z” said they planned to sell their ZEC, but the holding size and whether a sale occurred were unconfirmed; Sean Bowe sought financial governance changes, Naval Ravikant backed a $50 million grant cap, and Tyler Winklevoss criticised the committee’s spending authority. These developments, alongside ZEC’s failure to break $1,390, could keep sentiment fragile and add short-term selling risk. However, the reports do not establish that the dispute caused the price decline, and the immediate supply impact of any potential sale is unknown. Direct ZEC deposits on Rujira Network, enabled on 29 October, offer an additional access route, but adoption data was unavailable. Longer-term price effects will depend on how ZCG’s authority and funding rules evolve, whether any sales are confirmed, and whether the new access route attracts users.