Key Notes
- Zcash price has erased earlier gains amid mass departures of developers.
- Former ECC leadership says the Zcash network and protocol remain unaffected.
- Departing developers plan to form a new company to continue privacy-focused work.
Privacy coin Zcash
ZEC
$405.2
24h volatility:
16.8%
Market cap:
$6.69 B
Vol. 24h:
$944.56 M
price fell nearly 10% after the entire development team behind the blockchain resigned following a serious governance dispute. The sudden exit raised concerns among investors, even as former leaders said the network itself would continue operating without disruption.
Zcash Price Slides as Electric Coin Company Staff Walk Out
The drop of 10% in Zcash price followed confirmation that all employees of Electric Coin Company, the main developer of the Zcash protocol, had resigned.
Chief Executive Officer Josh Swihart said the departures were the result of ongoing conflict with the Bootstrap board, a nonprofit entity created to oversee the company and support the wider Zcash ecosystem.
According to Swihart, the board introduced changes to employment terms that made it impossible for the team to perform their duties effectively. He described the situation as constructive discharge, meaning the staff were forced to leave due to severe and unwanted changes to their working conditions.
Despite the mass resignation, the Zcash protocol itself remains unaffected. The departing developers are forming a new company to continue work on privacy-focused financial tools outside the current structure. No timeline has been given for when the new company will begin operations.
Additionally, the decline also comes as asset management firm Bitwise filed an ETF application tied to Zcash. As a result of the resignation market response was immediate. Zcash price dropped to around $456, reversing part of the gains seen in recent weeks.
The pullback followed a strong November rally that briefly lifted ZEC to a $10 billion market value. As noted by Coinspeaker, upward momentum had continued into late December, including a 10% surge on Christmas Day after a whale purchase worth $13.25 million.
With this current price decline, market watchers are speculating a move into other privacy coins to protect funds.
Embrace the SUBBD Stability
Despite the instability with Zcash, the SUBBD project is presenting a new alternative to investors. Quite new, but this is one of the crypto projects that has its public sale already ranked as one of the best crypto presales of 2025.
As a show of its strong growth, SUBBD boasts of more than 250 million individuals. SUBBD has proven to have prospects, and it promises to deliver several benefits to holders, including tools, rewards, and decision-making power. Early backers are eligible for staking rewards of up to 20%.
To participate in the presale of the next crypto to explode, interested entities can either complete a purchase using their credit or debit cards or via cryptocurrency assets.
next
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
Godfrey Benjamin on X
Source: https://www.coinspeaker.com/zcash-price-falls-10-as-developers-quit-on-major-board-misalignment/
