Zcash drops 11 percent as a dispute over ZCG grant money precedes the NU7 upgrade

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Zcash falls to around $1,135, and on-chain data show one large buyer losing $5.84 million. Behind the move are the dispute over the $124 million ZCG grant pool and the NU7 upgrade in the early hours of November 6.Add as a preferred source on GoogleFollow on Google NewsZcash (ZEC) has lost around 11 percent over the past 24 hours and was trading at about $1,135 on Tuesday morning, roughly €1,014. Two developments are colliding: a large buyer had his leveraged position closed out by stop-loss orders, and inside the Zcash community the dispute over who controls the grant pool of Zcash Community Grants (ZCG), worth around 91,500 ZEC, is escalating. On top of that, the NU7 network upgrade is less than three days away. Anyone holding ZEC or thinking of buying it therefore needs to keep three things apart: short-term selling pressure from closed-out positions, a fundamental dispute over how development is funded, and a technical switchover tied to a fixed block. This article puts all t...