Zcash Development Activity Hits Lowest Since 2021, Price Drops 4%
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Development Decline: Zcash's developer activity has fallen to its lowest level since November 2021, resulting in a 4% price drop in the last 24 hours, currently trading at $423, reflecting the negative impact of governance tensions and price declines on the ecosystem.
- Price Volatility: Over the past two months, Zcash's price has plummeted approximately 40%, coinciding with reduced development activity, indicating that weakened development efforts may lead to market underperformance and affect investor confidence.
- Governance Dispute: Tensions between the Electric Coin Company (ECC) and Bootstrap, the non-profit supporting the protocol, have escalated, with ECC planning to separate and form a new company, citing “malicious governance actions,” further increasing market uncertainty.
- Market Dynamics: Despite the challenges facing Zcash, institutional investors remain active, with data showing whales added $1.17 million in ZEC last week while new wallets accumulated $2.14 million, indicating ongoing capital inflow that may support future rebounds.
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.







