Zcash (ZEC) moved fast this week, but not in the way traders usually hope. The cryptocurrency experienced an aggressive decline after news broke that its entire core development team had resigned. Ted (@TedPillows), a prominent trader and the founder of Ted Trading Club, shared the development. He attached a chart showing the swift decline and stated that ZEC is now in free fall. The chart showed a flash crash from above $530 to below $390. That represents a decline of roughly 28% in a short window. The entire Zcash core dev team has resigned. $ZEC is in a free fall now. pic.twitter.com/Cy4yxpMc3U — Ted (@TedPillows) January 8, 2026 What Zcash Is and Why Developers Matter Zcash is a privacy-focused cryptocurrency that enables users to send transactions that can hide the sender, receiver, and amount using zero-knowledge proofs. Since its launch in 2016, Zcash has positioned itself as a privacy-preserving alternative to transparent blockchains. The project relies on open-source code, and the Electric Coin Company (ECC) has served as the primary steward of the protocol. Its engineers have driven upgrades, security improvements, and long-term roadmap decisions. ZEC is a widely followed cryptocurrency, and some have even suggested that prominent large-cap assets, such as XRP, can follow its growth trajectory . Why Did the Developers Resign? Zcash’s core developers resigned after a governance dispute with the nonprofit board overseeing ECC, citing mission misalignment and untenable working conditions. The team described the situation as constructive discharge and announced plans to form a new company to continue development. The sudden resignation of the full core team has introduced uncertainty. The network continues to run, but the direction of its development now sits in question. ZCash (ZEC) Price Reaction Markets reacted before any formal transition plan became public. ZEC sold off across major trading venues. ZEC fell below prior support zones, and sellers pressed the market with little resistance. The measured drop of about $149 on the chart highlighted the scale of the move. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 This type of reaction reflects how traders price operational risk. Development teams influence upgrades, bug fixes, and ecosystem confidence. When that structure changes suddenly, prices adjust as investors seek clarity. What Comes Next for Zcash? In the near term, volatility is likely to stay elevated. ZEC’s decline has paused, and the asset has recovered slightly. It now trades at $419. Traders will watch its likely stability. Further clarity from former developers, foundations, or new teams could influence the market sentiment. While other assets are showing strong momentum to start the year , ZEC might have a tough road ahead. Meanwhile, Privacy technology still has demand, and the protocol still works. The next chapter hinges on who takes responsibility for maintaining and evolving it. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post ZEC In Free Fall After Entire Zcash Core Dev Team Resigned appeared first on Times Tabloid .
