Zcash (ZEC) Price Lost 26% in Just 1 Week as ECC Quits
Analysis
Price Impact
HighThe resignation of the electric coin company (ecc) development team, a core contributor to zcash, has led to a significant loss of confidence, causing zec's price to plummet by 26% in a week and its market cap to drop by over $2 billion. this event casts a shadow over the privacy coin sector.
Trustworthiness
HighThe news comes from a reputable crypto news source (u.today) and details specific price movements and market cap changes, directly attributing them to the ecc's departure. the numbers are precise and verifiable.
Price Direction
BearishThe sudden departure of core developers signals instability and uncertainty regarding future development, which is a strong bearish indicator. the immediate 26% price drop confirms this sentiment.
Time Effect
ShortWhile the immediate impact is severe, the long-term effect depends on whether new development teams or community initiatives step in effectively to maintain the protocol. however, regaining trust and momentum will be a prolonged challenge.
Original Article:
Article Content:
Cover image via u.today Read U.TODAY on Google News Zcash (ZEC) price erased 26% in just a week, Cardano's Midnight (NIGHT) also bleeding Privacy rally over? Segment sends mixed signals Advertisement This week was devastating for Zcash (ZEC), a top-tier privacy-centric cryptocurrency. As Electric Coin Company (ECC) is not observing protocol development any longer, the entire privacy coin rally narrative is under fire. Zcash (ZEC) price erased 26% in just a week, Cardano's Midnight (NIGHT) also bleeding Zcash (ZEC), the second biggest privacy-centric cryptocurrency, is amid the worst performers this week. Zcash's (ZEC) price lost almost 26% in seven days, plummeting from $432 to $378. As of today, ZEC is almost 50% below its 2025 high. Image by CoinGecko In terms of capitalization, the market cap of Zcash (ZEC) — which is equal to FDV of the coin as all ZEC in circulation are released — dropped from $8.3 to $6.2 billion, losing over $2 billion in equivalent in just seven days. HOT Stories Crypto Market Review: Will Bitcoin Hold $90,000 Over the Weekend? Don't Write XRP off Here, Ethereum (ETH) $3,000+ Surge Plausible BNY Taps Ripple Prime to Pioneer Programmable Cash for Big Investors Morning Crypto Report: XRP Risks Becoming $2 Stablecoin, Coinbase Reveals 4 Proofs of Crypto Reset, '$10,000 Zcash' Advocate Ends Speculation on ZEC Developers' Scandal Ripple-Backed Evernorth to Expand XRPL Adoption As covered by U.Today previously, Zcash's (ZEC) collapse should be attributed to the resignation of the developers behind Electric Coin Company (ECC), its core protocol contributor. Advertisement You Might Also Like Thu, 01/08/2026 - 10:48 Zcash Core Developers Resign in Unexpected Transition: Price Reacts By Arman Shirinyan The entire team resigned following debates over protocol governance and the next steps of its progress. While it was stressed that nothing changed for Zcash (ZEC) in terms of tech, the unexpected transition ruined the rally of ZEC. Cardano's privacy spin-off Midnight Network (NIGHT) is another worst performer of the past seven days. Advertisement Privacy rally over? Segment sends mixed signals Midnight Network's (NIGHT) price is down by 26%. NIGHT dropped from $0.09 to $0.068, with the asset's capitalization targeting $1.1 billion. NIGHT is on the verge of losing its place in the top 100. Meanwhile, Monero (XMR), the biggest privacy-focused blockchain, registered strong weekly performance. XMR's price added 8.3%. Monero (XMR) is changing hands at $464 on major spot exchanges, the token is back in the top 25 largest cryptocurrencies. #ZCash News #Cardano Midnight