🚨 !! BIG BREAKING NEWS !! 🚨 $ZEC 📉💰 Zcash(ZEC)istradingaround $377.10 on January 11, 2026, down significantly from its recent highs following news of the entire core development team's resignation from the Electric Coin Company (ECC). The market sentiment is currently in a state of "Extreme Fear" due to the ongoing governance crisis.
Key Insights:---
Mass Resignation:-- On or around January 9, 2026, the entire development team behind Zcash, the ECC, resigned due to governance disputes and concerns about commercialization strategies.
Price Volatility:-- This abrupt leadership shift caused ZEC's price to plummet by approximately 20% within hours, wiping out a significant portion of its strong gains from late 2025.
Protocol Continuity & New Venture:-- The Zcash protocol remains functional and blocks are still being produced. The former ECC team members have launched a new startup called cashZ to focus on a new Zcash-specific wallet.
Market Sentiment:-- Technical indicators suggest a strong bearish sentiment in the short term, with key support levels around $380 being breached. However, the long-term outlook for privacy coins and Zcash's potential for institutional interest provides mixed signals.
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