This wasn't just a read candle. Something deeper broke.
If you opened the chart today and thought "Why does $ZEC look dead?" you're not wrong to pause.
#zcash didn't drop because of hype, memes, or random market noise. It dropped because the people building it just walked away.
Earlier today, reports confirmed that the core Zcash development team resigned from Electric Coin Company after a serious internal governance dispute. Not one de. Not two. The whole team. They're now planning to continue development under a new entry, but for the market, the damage was already done.
And markets hate one thing more than bad news "uncertainty".
That's why ZEC went silent. Volume dried up. Buyers stepped back. Not because the chain stopped but because confidence paused.
Here's the important part most people miss:
👉Zcash the network is still running
👉The code is still open source
👉Privacy tech didn't disappear overnight
But crypto isn't just tech. It's belief. And today, that belief got tested hard.
So no Zcash isn't "dead".
But it just entered a moment where leadership, clarity, and trust matter more than price.
Now the real question isn't how low does ZEC go. It's who proves they can lead it forward.
What do you think this is?
👉Temporary panic
👉Structural breakdown
👉Or a quiet accumulation zone
Let's discuss.
