#zcash STRONG FALL − NOT DUE TO PRICE, BUT DUE TO "SOUL"
$ZEC dropped nearly 30% in just over one day, not because of the overall market, but due to platform risk.
On January 7–8, 2026, the entire core development team at Zcash within Electric Coin Company (ECC) resigned en masse. The reason stemmed from governance disputes with the board of the nonprofit organization Bootstrap (ZCAM).
CEO Josh Swihart stated that the board had changed working terms, diverting from Zcash's core mission: private, censorship-resistant money. ECC viewed this as "constructive discharge"—being forced to leave without direct termination.
The market reacted exactly as expected:
Code + team = long-term value
When the team left, trust and liquidity evaporated immediately
ZEC may recover technically in the short term after the sharp drop.
But in the long term, if governance is not soon restructured and the development center is not re-established, the risk of "having the body but losing the soul" is very high.
This is a familiar lesson in crypto:
📌 Tokens don't die because of charts – tokens die because of governance.