Zcash’s Big Exit: ECC Leaves, Price Plummets!

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Zcash (ZEC), once the undisputed king of crypto privacy, is now the talk of the town… thanks to a dramatic exit by its core team. 🚨 The Electric Coin Company (ECC) packed their bags, leaving Zcash in a state of crypto-induced panic. 🧨

Such a sudden change in leadership has created an air of uncertainty about the future of the project, leading to a significant sell-off in the market. 🤯 Who knew a boardroom showdown could crash a coin faster than a bear market? 🦖

NEW | Zcash core developers collectively resigned after a board dispute and established a new company to advance privacy technology$ZEC & #Zcash

– PRIME 𝕏 (@primenews_en) January 8, 2026

Amidst the positive start of 2026 for the crypto, Zcash did not participate and showed signs of distribution. 📉 What’s next? A crypto-themed soap opera? 🎭

In the last few sessions, the ZEC price dropped massively in reaction to the news by traders, as the price acts on the increasing worry over the continuity of development and governance risk. 🧠 Who’s in charge now? The ghost of ECC? 🕯️

What’s Behind the Sell-off?

The mass exodus of its core developers is the key factor behind this selloff. 🧨 It’s like a reality TV show where everyone quits mid-season. 🎬

As announced by ECC CEO, Josh Swihart, a conflict over mission fit and employment conditions with the Bootstrap governance body compelled the team at ECC to resign and establish a new independent firm. 🧠 “Mission fit” or “I quit, you’re fired”? 🤷‍♂️

The departure of the core team in the case of Zcash has cast doubt on the roadmap implementation and innovation in the long run, particularly in the face of a governance crisis. 🧨 Who’s next? A crypto version of “The Office”? 🎬

In addition to it, the price action of ZEC indicates a breakdown below the short-term technical support as the news broke across the exchanges. 📉 The ZEC price is now lower than my expectations for this project. 😢

It has registered a breakdown of the bearish flag pattern and slipped below the $450 key support zone. The next major support exists around $370. 🚨 Will it bounce back? Or will it be another crypto tragedy? 🧨

Currently, ZEC price trades at $401, noting a decline over 13% in the past 24 hours. 📉 13%? That’s more than my confidence in this project. 😅

What’s Next for Zcash (ZEC)?

Following the resignation of the core development staff, ZEC is left with uncertainty and possible volatility. In the short term, the price action will probably be influenced by how the market will perceive the operational future of the project, in particular, who will be in charge of its development and whether the roadmap can be extended without any interruption. 🧠 Will it be a comeback or a crypto funeral? 🕯️

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2026-01-08 15:06