Dragonfly Partner Qureshi Proposes Zcash Development Fund End After 2028
Zcash (ZEC)
Editor:
Eugene Serbin
Lookonchain.com reports that Haseeb Qureshi, managing partner at Dragonfly, has proposed that the Zcash Development Fund cease operations after its 2028 expiry. Qureshi stated in a post that this should be the final iteration of the fund, noting its current size is sufficient for remaining development work. He warned that as the fund approaches $100 million, it risks becoming politicized.
Per ZecStats data, the fund holds 63,962 ZEC worth approximately $95 million at press time. This proposal follows a surge in the fund's value driven by recent ZEC price gains. Conversely, Paradigm founder Matt Huang argued the fund remains critical due to rising AI-powered cyberattacks and quantum computing advances.
Others in the industry also support retaining the development fund. The debate highlights a split between fiscal caution and long-term security needs. Qureshi believes the current accumulation phase is the last necessary one. The fund's future trajectory now faces scrutiny from both supporters and critics.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 18 September 2026. Not the outlet's figures.
ZEC is trading at $1,466.84 with a 24-hour buy ratio of 51.2%, indicating a slight edge for buyers over the full day. However, short-term momentum shows divergence, with the 1-hour buy ratio at 55.6% against a 4-hour ratio of 47.1%. The 1-hour volume delta is positive at $1,330,562, suggesting immediate buying pressure, while the 4-hour delta is negative at -$3,636,333, indicating recent profit-taking or selling. The 24-hour volume delta stands at +$14,976,509, showing that cumulative buying has outweighed selling over the day. CVD closed at +$167,813, confirming net accumulation over the period. Net buying occurred for 10 of the last 24 hours, reflecting intermittent rather than consistent demand.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
The current 24-hour volume of $681,667,708 is 2.01 times the weekly average, marking an unusually active trading day. Over the preceding 8 days, the price increased by 35.8%, with a total volume delta of +$87,435,190. While today's 24-hour buy ratio of 51.2% is only marginally higher than the 7-day average of 51.1%, the volume surge is significant. This suggests that while buying sentiment remains stable, the scale of participation has expanded dramatically compared to the norm. The coin has seen net buying on 5 of the last 7 days, indicating a sustained upward trend.