2026-01-09 21:20:34

The crypto market is like a "roller coaster," and the stories behind the market fluctuations are often more exciting. Recently, Zcash (ZEC) experienced a dramatic wave of volatility — a rumor about the "team leaving" instantly caused this privacy coin to drop from $490 to $381.4, with 24-hour liquidation volume exceeding $22 million, sweeping many holders into the lows.

The incident started on January 7. At that time, the market suddenly exploded with rumors that the Electric Coin Company (ECC), the core development team of Zcash, had all resigned. Panic spread, and various pessimistic voices flooded the scene: "Privacy coins are doomed."

ZEC4,74%

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OnchainUndercover

· 01-10 23:47

Once the rumors of team departure spread, ZEC dropped directly from 490 to 381. This is the game we play. Retail investors always end up holding the bag last, hilarious.

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LiquidityOracle

· 01-10 00:03

Another good show, ZEC's recent decline is purely self-inflicted. Rumors spread and everyone runs away, the team's resilience is really zero. The team running away has long been a common problem among privacy coins, not surprising at all. From 490 to 381, it's another perfect opportunity to accumulate. The harder it falls, the more I want to buy the dip. Panic selling wiped out $22 million in liquidation volume? That's the fate of retail investors... As for privacy coins, each rumor is more outrageous than the last, but true believers are never afraid.

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