The floor price of zkSNARKs, an NFT project in the ZEC ecosystem, has dropped below its auction settlement level, according to data on the project’s official website cited by BlockBeats on Sept. 20. The current floor stands at 0.976 ZEC, or about $1,420. Earlier coverage said the project’s final auction clearing and settlement floor price was 1.5 ZEC, meaning the collection is now trading below that level. The move marks a break below the previously reported settlement benchmark. BlockBeats also referenced earlier public accusations from @LeonidasNFT, a well-known builder from the Bitcoin inscriptions era. He alleged that the zkSNARKs team had previously been serial “entrepreneurs” in the Ordinals sector and claimed that many of their projects were scams. The report did not provide additional comment from the project team in the cited brief.

The zkSNARKs NFT project in the ZEC ecosystem said its auction has concluded, with 16,971 bids submitted and 8,000 NFTs allocated. The final clearing price was set at 1.5 ZEC. According to the project, the sale used a uniform-price sealed-bid format: bids were ranked from highest to lowest, the top 8,000 bids won allocations, and unsuccessful bidders will receive full refunds. The team also said secondary market trading will open tomorrow and refunds will be processed within 24 hours. On the same day, @LeonidasNFT, described in the source as a well-known builder from the Bitcoin inscriptions era, publicly accused the zkSNARKs team of being serial entrepreneurs from the Ordinals sector and said many of their past projects were scams.