Zcash rally draws criticism from F2Pool co-founder

Zcash rally draws criticism from F2Pool co-founder

Zcash’s rally drew criticism from F2Pool co-founder Chun Wang, reopening debate over its funding, governance, privacy and Orchard flaw.

Zcash Rally Is Narrative Driven Not Fundamental, F2Pool Founder

The post Zcash Rally Is “Narrative Driven”, Not Fundamentals Says F2Pool Co-Founder appeared first on Coinpedia Fintech News Zcash (ZEC) has made a stunning jump into crypto’s top 10, reaching a $19.48 billion market cap after its price surged above $1,250. ZEC is up more than 2,200% in a year and 125% in 30 days. But F2Pool co-founder Chun Wang says the rally is being narrative-driven by a story rather than real fundamental …

F2Pool Co-Founder Critiques Zcash's Market Position

F2Pool co-founder Chun Wang raised concerns over Zcash's recent market gains, attributing them to narrative buying rather than solid fundamentals.

F2Pool co-founder says Zcash rally is narrative, not fundamentals

Zcash's speculative surge highlights the risks of market narratives overshadowing fundamental utility, potentially leading to volatile corrections.

F2Pool 联创称 Zcash 涨势系叙事炒作

ChainCatcher 消息，F2Pool 联合创始人 Wang Chun（@satofishi）发文指出，Zcash 当前涨势本质上是叙事驱动的投机行为，并非实际价值支撑。其列举多项核心问题：不公平发行方面，初期四年内每个区块奖励的 20% 作为“创始人奖励”流向创始人、员工、顾问及早期投资者，共计 210 万枚 ZEC，占总量上限的 10%，此后又以“开发基金”名义延续同等比例抽成；隐私机制方面，隐私功能为可选项而非默认设置，多数代币长期在透明地址流通，被批评为“营销噱头”。治理方面，Electric Coin Company（ECC）与基金会长期存在管理层矛盾，2026 年 1 月 ECC 团队集体出走，称遭到驱逐。安全方面，2026 年 5 月披露 Orchard 隐私池存在长达四年的严重漏洞，理论上可无链上痕迹伪造 ZEC，7 月紧急关闭旧池并强制迁移，被认为是事后补救而非利好。Wang Chun 认为，Zcash 与 Solana、Hyperliquid 同列市值榜单，并…