According to CoinMeta, after Zcash ( ZEC ) announced a $1 million ecosystem plan in Grayscale, its price fell below $1,000 within just one day, and it is currently trading at around $990, a decrease of about 13.5% within 24 hours. Although Grayscale pledged to support the Zcash ecosystem, this plan did not directly lead to increased buying pressure in the market. Zcash has seen a cumulative decline of over 23% in the past seven days. The ZCSh fund of Grayscale experienced a net outflow of over $15 million at the beginning of November, indicating a weakening demand for institutional investment products.