Zcash (ZEC) saw a sharp pullback after a serious governance clash rattled the ecosystem. The entire core development team at Electric Coin Company (ECC) resigned following disputes with the project’s Bootstrap board. ECC CEO Josh Swihart described the situation as a “constructive dismissal,” explaining that recent governance changes effectively altered employment terms beyond what the team could accept.

📉 Markets reacted fast. ZEC dropped more than 7% in the last 24 hours as investors priced in leadership uncertainty and execution risk. Swihart emphasized that the Zcash protocol itself is unaffected, and the departing developers intend to regroup under a new company while continuing the same privacy-first mission. Zcash remains a leading privacy coin, leveraging zero-knowledge proofs to deliver stronger on-chain anonymity than Bitcoin.

🌱 Long-term signals are mixed but notable. Institutional interest hasn’t faded—Grayscale has filed to convert its Zcash Trust into a spot ETF, while Arthur Hayes has named ZEC among the most liquid assets held by his family office. On the corporate front, Reliance Global Group consolidated its digital asset treasury into ZEC, and Cypherpunk Technologies raised $29M to pursue a Zcash-centric treasury strategy.

Volatility is elevated in the short term, but with privacy narratives resurfacing and institutions circling, is this pullback a red flag—or a long-term opportunity? Binance traders are watching closely ⤵️#ZTCBinanceTGE #BinanceHODLerBREV #WriteToEarnUpgrade