🚨 ZEC Slides as Zcash Governance Crisis Unfolds 🔐

The price of Zcash (ZEC) dropped sharply after a major governance dispute shook the ecosystem. All core developers at Electric Coin Company resigned following disagreements with the project’s Bootstrap board. ECC CEO Josh Swihart labeled the exits a “constructive dismissal,” stating that recent governance decisions altered employment terms beyond what the team could accept.

📉 The market reacted swiftly. $ZEC is down over 7% in the past 24 hours as investors price in uncertainty around leadership and future development. Despite the turmoil, Swihart stressed that the Zcash protocol itself remains unaffected, and the departing developers plan to regroup under a new company while continuing the same mission of building privacy-focused digital money. Zcash still stands out for its use of zero-knowledge proofs, offering strong on-chain privacy similar to Bitcoin’s model but with enhanced anonymity.

🌱 Long-term signals remain mixed but interesting. Institutional interest continues to grow, with Grayscale filing to convert its Zcash Trust into a spot ETF. Arthur Hayes has also called ZEC one of the most liquid assets in his family office portfolio. On the corporate side, Reliance Global Group consolidated its digital asset treasury into ZEC, while Cypherpunk Technologies raised $29M to build a Zcash-focused treasury strategy.

Short-term volatility is high, but with privacy back in focus and institutions circling, is this dip a warning sign or a long-term opportunity? Binance traders are watching closely ⤵️