Zcash Foundation Denies ZRC-20 Token Project Ties
Zcash (ZEC)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that the Zcash Foundation has officially denied any connection to the ZRC-20 token project following a recent launch announcement. The Foundation clarified that it had no prior knowledge of the ZRC-20 initiative or its associated asset, $CASH. This statement was issued after a promotional post suggested the privacy network was debuting its own issuance standard.
The organization emphasized that the development is strictly private and unrelated to the core protocol. The ZRC-20 project utilizes encrypted memo fields from shielded transactions to inscribe balances tracked by external indexers. This mechanism mirrors Bitcoin’s BRC-20 ordinals without altering the Zcash consensus.
The Foundation warned the community against mistaking experimental developments for official upgrades. It urged users to route changes through formal improvement proposals, known as ZIPs, to ensure security. The Foundation stated, "We have no prior knowledge of 'ZRC-20' or the $CASH token.
This is a private project, not an official Zcash token standard or protocol feature. Please do your own research before interacting with any token." This clarification highlights the importance of distinguishing between private experiments and official protocol features.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 21 September 2026. Not the outlet's figures.
ZEC is currently trading at $1,509.13 with a 24-hour spot volume of $323,133,132. The 1-hour buy ratio stands at 51.4%, indicating a slight edge for buyers in the immediate short term. However, the 4-hour buy ratio drops to 45.5%, suggesting that buying pressure is fading over a slightly longer timeframe. Volume delta shows positive inflows of $160,797 in the last hour but a significant outflow of -$4,138,057 over the past four hours. Over the last 24 hours, the cumulative volume delta is positive at +$8,958,560, while the cumulative volume delta (CVD) for the period closed at -$13,079,558. This indicates that while net buying has occurred, the overall flow has been dominated by selling pressure in the broader daily context.
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.
Over the preceding week, the buy ratio averaged 50.9%, with the latest day showing a marginal increase of 0.5 points. Trading volume for the day was 0.81 times the weekly average, indicating lower-than-average activity. The coin experienced a substantial price change of +42.0% over the last eight days. Total volume delta for that period was +$90,428,498, with net buying occurring on 5 of the 7 days. Compared to the 24-hour volume of $323,133,132, the weekly average volume would be approximately $398,933,051, confirming the day's activity is below the weekly norm.