Zcash Developers Resign, ZEC Price Plummets 22%
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Developer Resignation: The core development team of Zcash resigned due to a dispute with the Bootstrap board, resulting in a 22% drop in ZEC price over two days, falling from above $500 to below $400, indicating significant uncertainty about the project's future.
- Price Fluctuation Analysis: ZEC had surged over 1,000% in the second half of 2025, establishing itself as one of the most promising cryptocurrencies, but this resignation has clouded its outlook, undermining investor confidence.
- Whale Activity: Despite the price decline, whales purchased approximately $26 million worth of Zcash on the spot market, indicating confidence in a potential rebound, yet the overall market faced strong sell pressure with over $37 million in net outflows in the last 24 hours.
- Futures Market Changes: Zcash's futures open interest decreased from $1.33 billion on December 29 to $1.03 billion currently, reflecting a cautious investor sentiment regarding market prospects, although whale activities may provide short-term relief.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
