Zcash

ZEC · Layer-1
Checked
Oct 18 2026
The big picture
7.5 / 10Total score0510
Supply + DemandMax. 10
Hold ZEC? We'll warn you first.
Free · 2 coins

Coming next

No single dated event in the next 90 days.

Metric 1 of 3

ZEC · Coin Supply

Miners earn new ZEC every block, and nothing burns.

2.5 / 5Moderate
Age10.0 yearssince Oct 2016
Unlocked100%of total supply
Last 90 days+0.95%new supply
Next 90 days+0.95%estimate

ZEC is the coin of Zcash, a private payments chain capped at 21M: 16.98M coins circulate, all of them unlocked.

Sell pressure. Mining is the only new supply: 161,241 ZEC in 90 days, 12% of it into a lockbox that coinholders steer. Nothing vests, and fund payouts stay inside the float.

Buy pressure. Nothing is bought back or burned; fees still go to miners.

Net. Net, supply grows about 0.95% in 90 days, and the same next.

Inflation
Last 90 Days
+0.95%
checked · Oct 11 2026
Net flow: 0.95% of supply goes to market over 90 days
Next 90 Days
+0.95%
estimate
Net flow: 0.95% of supply goes to market next 90 days
Supply growing · projected to keep growing
Sell pressure
1. Protocol inflation
~161.24K ZEC

Mining is the only way new ZEC is made: 1.5625 ZEC per block, about 1,792 a day. Of each block, 80% goes to the miner, 8% to a community grants fund and 12% to a protocol lockbox that coinholders steer. Over these 90 days 103,194 blocks added exactly 161,240.6 ZEC. The upgrade planned for Nov 5 2026 makes blocks three times faster and cuts the reward per block by three, so the coins per day stay the same.

checked · Oct 11 2026
2. Vesting unlocks
0

ZEC had no token sale and has no vesting. The founders' share was paid from mining and ended by protocol rule in Nov 2020; blocks today carry only the miner, the grants fund and the lockbox.

permanent · no change
3. Foundation + unscheduled unlocks
0

We track four team-side pots, all already counted as circulating: the protocol lockbox (~68.94K ZEC, growing 0.1875 per block, paid out only by coinholder vote or upgrade), the coinholder multisig (~78.18K, unmoved since Apr 14 2026, with about $8.39M of approved grants still to pay), the Zcash Foundation (78,986 ZEC at Jun 30 2026) and the grants fund address (~464 ZEC, paid out often). A payout moves coins between holders and adds no new supply.

checked · Oct 11 2026
4. Long-term locked or bankruptcy
0

No bankruptcy estate, trustee or long lock holds ZEC. Funds and listed companies that hold ZEC bought it in the market, so those coins were already in the float.

checked · Oct 11 2026
Buy pressure
1. Programmatic buyback
0

Nothing buys ZEC back. Block rewards and fees go to miners and the two funds above; no contract or treasury repurchases coins.

checked · Oct 11 2026
2. Protocol fee burn
0

Today all fees go to miners, and supply rose by exactly the block rewards, so nothing was destroyed. The planned upgrade would set aside 60% of fees, but fees are only about 1.27 ZEC a day: about 50 ZEC by Jan 9 2027. Its date is not fixed yet, so we do not count it.

checked · Oct 11 2026
3. Foundation buy
0

No project fund buys ZEC. Listed companies and exchange-traded funds do buy, but in the open market, from coins already circulating.

checked · Oct 11 2026
4. New long-term lock
0

The planned upgrade makes about 22.31K ZEC left in the oldest private pool unspendable; 3,100 ZEC moved out in these 90 days. Those coins stay in the supply count, so the float does not shrink. Shielded coins are private, not locked.

checked · Oct 11 2026
Supply check · sell, buy & net
 
Last 90D
Next 90D
Sell total (M ZEC)
0.161
0.161
Buy total (M ZEC)
0.000
0.000
Sell % of circ
+0.950%
+0.950%
Buy % of circ
0.000%
0.000%
Net inflation %
+0.950%
+0.950%
Circulating supply: 16.980M ZEC
Read the full Inflation Analysis
ZEC: miners earn new coins every block, and nothing is burned or bought back.
Long-form mechanism walk. ~5 min.
Metric 2 of 3

ZEC · Coin Demand

Two sides: how much people want ZEC right now, and how much buying could come later.

5 / 5Exceptional

Current demand2.5 / 2.5

This part is based on social media. It shows how hot ZEC is right now. A better rank means more people are talking about it.

ZEC on social mediaIts rank among the 110 coins we follow · last 12 months · #1 = most talked about
#7 · Oct 11 2026

Today, people are talking about ZEC for two reasons:

  1. 1
    Zcash's big NU7 upgrade is live on testnet, with mainnet planned for Nov 5.

    On Oct 16 2026 the Zcash Foundation shipped the node software that runs NU7 on testnet, and the teams agree on a Nov 5 2026 mainnet date. NU7 makes blocks come every 25 seconds instead of 75, with the same total new ZEC per day. People ask if the date will hold, and what happens to very old Sprout coins that will be stuck after the upgrade.

  2. 2
    Hackers are moving stolen crypto into Zcash to hide it.

    On Oct 17 2026 crypto investigators said thieves from several recent hacks, including about $3.8 million from a Bitget exploit, are moving the money into private ZEC. ZEC fell almost 5% that day, to around $1,167. People ask if this will bring more pressure from regulators and exchanges, or if it just shows the privacy works.

Checked Oct 17 2026

Metric 3 of 3

ZEC · Price DriversBeta

The few things that can move ZEC's price that supply and demand miss.

1 · Big holders

New
They hold more → price upThey sell → price down
Grayscale ZCSH (ETF)Cypherpunk (CYPH)
020040060080020252026ETF launch596K ZEC326K ZEC
020040060080020252026ETF launch596K ZEC326K ZEC

ETF and Cypherpunk hold about 5% of ZEC; ETF outflows started.

Data
DateGrayscale ZCSH (ETF)Cypherpunk (CYPH)
Aug 25 2026388 K ZEC—
Aug 31 2026—326 K ZEC
Sep 3 2026429 K ZEC—
Sep 18 2026596 K ZEC—
Checked Oct 11 2026

2 · Private pool bug

Quiet
Old pool empties → price upnowOld pool grows → price down
Old pool (Orchard)New pool (Ironwood)
012345202420252026Bug foundIronwood live4.12M ZEC0.35M ZEC
012345202420252026Bug foundIronwood live4.12M ZEC0.35M ZEC

350K ZEC still in the old pool; 4.1M moved safely.

Data
DateOld pool (Orchard)New pool (Ironwood)
Jul 31 20263.1 M ZEC0.653 M ZEC
Aug 31 20260.471 M ZEC3.84 M ZEC
Sep 30 20260.379 M ZEC4.06 M ZEC
Oct 18 20260.35 M ZEC4.12 M ZEC
Checked Oct 17 2026

3 · Privacy-coin rules

Watch
New ETFs, open doors → price upNew bans → price down
  1. Jan 5 2024OKX delists ZEC
  2. Jan 12 2026Dubai (DIFC) bans ZEC
  3. Aug 25 2026First US ZEC ETF trades
  4. Oct 6 20262nd ZEC ETF filed (WINK)
  5. Today
    Jul 10 2027EU privacy-coin ban

US opened ZEC ETFs; EU exchanges must drop ZEC Jul 10 2027.

Data
DateWhat happened / what is coming
Jan 5 2024OKX delists ZEC
Jan 12 2026Dubai (DIFC) bans ZEC
Aug 25 2026First US ZEC ETF trades
Oct 6 20262nd ZEC ETF filed (WINK)
Jul 10 2027EU privacy-coin ban (coming)
Checked Oct 11 2026

Should you buy ZEC? Questions about ZEC

Is Zcash worth buying now?

Based on the law of supply and demand, the long-run signal for Zcash is positive. As of Oct 18 2026, score 7.5/10, Zcash faces +0.95% new supply over 90 days, with demand exceptional (5/5). Zcash's price drivers: 1 ▲ price up, 0 ▼ price down.

Why is Zcash dropping lately?

ETF outflows are probably part of it. The ETFs and Cypherpunk hold about 5% of ZEC, and money has started to leave the ETFs. New supply adds weight too: +0.95% in the next 90 days. Still, demand reads exceptional at 5/5 (Oct 11 2026). By supply and demand, Zcash's long-run signal is positive today.

Is Zcash dead now that Europe is set to drop it?

Not dead, but Jul 10 2027 is a real test. That day EU exchanges must drop ZEC, while the US has opened ZEC ETFs. Today Zcash scores 7.5/10 on our framework and is worth about $20.9B in total (Oct 11 2026). Our supply-and-demand read for Zcash stays positive.

Is $10,000 possible for Zcash?

It would take 8.1 times today's value: $10,000 × Zcash's coins in the market = about $170B, against $20.9B now (Oct 18 2026). Zcash's supply also grows +3.85% in the next year, so every extra coin needs buyers too. By supply and demand, Zcash's long-run signal is positive today.

Should I sell my Zcash now?

Today the signal is positive. Supply and demand would point the other way for Zcash if new supply keeps arriving (+0.95% in 90 days), or demand falls from exceptional. Next date to watch for Zcash: Jul 10 2027 — EU privacy-coin ban.

Is Zcash a good long-term investment?

On our framework Zcash scores 7.5/10 (Oct 18 2026), with supply 2.5/5 (moderate) and demand 5/5. In the next year Zcash's supply changes +3.85%, so the long-run signal reads positive.

What is the best time to invest in Zcash?

The law of supply and demand points to one window for Zcash: low new supply, high demand, drivers pointing up. Where Zcash stands today: +0.95% new supply in 90 days (moderate), demand exceptional (5/5), drivers 1 ▲ / 0 ▼.

Will Zcash go up? What could move its price?

Zcash has 3 price drivers today (1 ▲ price up, 0 ▼ price down). • Big holders: ETF and Cypherpunk hold about 5% of ZEC; ETF outflows started. ▲ Private pool bug: 350K ZEC still in the old pool; 4.1M moved safely. • Privacy-coin rules: US opened ZEC ETFs; EU exchanges must drop ZEC Jul 10 2027.

Is Zcash a better investment than Bitcoin?

Zcash reads positive at 7.5/10; Bitcoin reads positive at 8.5/10 (Oct 18 2026). On supply and demand, Zcash looks weaker than Bitcoin today.

Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →

How does MrNasdog judge every coin, and why is +0.95% shown in red?

We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. ZEC supply grows +0.95% in the next 90 days, so it shows in red: more ZEC reaches the market than is removed. Zero or falling supply is always green, any growth is red.

What do Watch ZEC alerts cover?

One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.

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