ZetaChain Votes to Reissue ZETA as a Solana Token - 300,000 Private-AI Users Come With It, and $0.0400 Decides What's Next

ZetaChain opened a 72-hour vote on September 17 that would shut down its own layer-1 and reissue ZETA as a native Solana token. ZETA traded at $0.0398 on September 19 — up 6.8% in 24 hours, 15.9% on the week and 31.1% over thirty days — with the vote still open and closing September 20.

The proposal is bigger than a ticker move. ZetaChain spent 2026 rebuilding itself around a private memory layer for AI, and its consumer app Anuma now carries more than 300,000 users. The vote asks holders to move that entire application layer to Solana and make ZETA the token people lock to use it.

What the Vote Actually Approves

If the proposal passes, ZETA is issued fresh on Solana as a native SPL token at 1:1 — same name, same ticker, total supply unchanged and no new tokens minted. Existing vesting schedules keep their original dates, and balances including locked, staked and Anuma credit positions in the Token Dashboard carry over untouched.

There is no bridge in this design, and the reason is structural: a wrapped token needs the original locked on a chain that still exists. Once the ZetaChain L1 winds down there is no source chain to wrap from, so a new SPL token becomes the only ZETA. ZETA on Ethereum and BNB Chain is outside the proposal entirely and keeps its current terms.

The wind-down is staged rather than immediate. Validators keep validating and staking keeps working until holders have moved, and Solana validators then take over network duties. Exchange conversions depend on each venue confirming the swap, and that list is published before anything moves — the full proposal sits on ZetaHub governance. If the vote fails, ZetaChain continues as an independent L1 and nothing about the token changes.

ZETA is the token behind Anuma, and on Solana it becomes the token behind the whole application layer.

300,000 Private-AI Users Move With the Token

Anuma launched in February and passed 300,000 users on September 15; the count stood at 301,195 through September 16 on ZetaChain's public research dashboard. It has served more than a million requests across 35 models, and routing runs through Bifrost, an open-source gateway that has now carried 1.2 million AI requests and 30 billion tokens across 30-plus models.

The product is built around private memory: one encrypted memory that follows the user across every model, where a closed provider never receives the memory, full history or identifying context, and private mode routes to open models on zero-retention infrastructure. The newest beta extends that privacy work into real-life social discovery. Every Anuma account is already a wallet, so migration brings all of those users onto Solana on day one.

Why Solana: 400ms and a Tenth of a Cent

Memory reads, agent calls and metered inference need sub-second, sub-cent settlement, and Solana settles confirmations in roughly 400 milliseconds at a median fee of about a tenth of a cent, with more than 100,000 transactions per second demonstrated in tests. Agents can also identify themselves through the Agent Registry and pay per call through x402, which has processed more than 20 million payments since July with Solana carrying most of that traffic.

The liquidity argument matters just as much for a token that wants to be an access key: Solana has held the top spot for DEX volume for seven straight quarters, DEXs there clear around $70 billion a month, and the chain carries more than $15 billion in stablecoins. SOL traded near $110.92 on September 19.

What ZETA Becomes on Solana

Inside Anuma the mechanic already works: lock ZETA, receive credits, spend them on AI usage. Locked ZETA leaves circulating supply, and on Solana the same token becomes the common access token for any AI app or agent that plugs into the layer. Circulation sits at 1.607 billion of a 2.1 billion total supply, a $64.0 million market cap and an $83.6 million fully diluted valuation — small enough that a usage-driven lock mechanism moves visible supply.

The $0.0400 Ceiling That Decides the Next Leg

The chart has been building towards this level since the August low. ZETA bottomed at $0.02668 on August 13 — its all-time low was $0.02664 on August 14 — then recovered roughly 50% in five weeks. The first rejection came on September 12, when the token printed a high of $0.03998 on 7.86 million tokens, the heaviest session of the run. September 17 added a 10.7% close at $0.03761, and September 18 pushed to $0.04026 before closing at $0.03970 on 3.85 million tokens, 1.51x its 20-day average.

That makes $0.03998-$0.04026 a double rejection band and the level that decides the next leg. A daily close above it opens $0.0430-$0.0450, with the range extension at $0.05384, while the 200-day window high of $0.07138 from April 16 stays roughly 44% away. Below, the first support is the 0.236 retracement at $0.03706, then the 20-day average at $0.03513, which lines up with the 0.382 fib at $0.03507, and the 50-day average at $0.03226.

Timing is the other variable. Nothing moves before holders vote, the vote closes September 20, and the migration date depends on exchanges confirming the swap. Staking on Solana, including how rewards transition, is still being specified in the final proposal — which is why the candle to watch is the weekly close, not the headline.

The backdrop is supportive rather than euphoric: Bitcoin traded at $81,425 and ether at $2,640, Fear and Greed printed 71, and total market capitalization sat near $2.80 trillion. Live ZETA levels and supply figures are tracked on CoinGecko, and the app itself is open at Anuma