Zcash trading below $400, but the real warning sign isn't the price tag—it's what's happening (or rather, not happening) in development. Builder activity has cratered to levels not seen since 2021. Here's the thing: when developers start ghosting a project, the market doesn't immediately care. Price holds for a while. But fundamentals eventually win out. The exodus of builders signals deeper issues. And those issues? They always find their way into the charts. Worth watching how this plays out.