2026-01-08 23:23:11

ZEC encounters a black swan event. On January 8th, the price of Zcash plummeted sharply, dropping 20% to a low of $382. The trigger was the collective resignation of the Electric Coin Company core team— the team accused the Bootstrap board of conducting a "constructive dismissal." The two sides had significant disagreements over the privatization of Zashi, which became the central point of controversy in this turmoil. Market panic spread, leveraged traders accelerated stop-losses, and $23 million was liquidated within 24 hours. This incident also serves as a reminder to market participants to pay attention to project governance risks.

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NFT_Therapy

· 01-11 18:54

ZEC this wave directly GG, the team is blaming the board, the board is blaming the team, retail investors caught in the middle are stopping losses... The $23 million liquidation is gone just like that. Governance risk is really an invisible killer.

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DeFiChef

· 01-09 16:13

ZEC this wave is really outrageous, internal team conflicts directly caused the coin to drop. Luckily, I didn't hold a heavy position... Governance risk is indeed something to be cautious about.

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rugpull_survivor

· 01-09 09:46

Now players have to pay tuition again; internal team conflicts are more deadly than technical issues.

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NeverPresent

· 01-08 23:50

The core team all ran away in a rush, how disastrous is that... The privatization issue is being bickered over, ZEC really messed up this time.

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degenwhisperer

· 01-08 23:50

ZEC this time really took a hit, once the team starts fighting, the coin is doomed.

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DefiOldTrickster

· 01-08 23:42

Haha, governance drama again? 23 million liquidation just watch it as popcorn --- I've seen the team collectively run away too many times, just like back in the USDC days --- 382 dollars? I just want to know if anyone is buying the dip now --- The privatization issue of Zashi has been debated for a long time, and in the end, retail investors still foot the bill. Old tricks. --- This is what a real leverage grinder looks like. 23 million in 24 hours, and some people's annualized returns just disappear like that --- Project governance risk? Bro, if you haven't experienced a DAO treasury being drained, don't pretend to be an old hand --- A 20% drop is actually an arbitrage signal. Let’s see who dares to buy the dip here --- Electric Coin's team should have liquidated their holdings before leaving. If I were part of the core team, I would have shorted my own coin early --- Another so-called "constructive dismissal," the whitepaper is just a bunch of fake paper --- What does this remind us of? We should have been alert to project teams fighting each other long ago—more valuable than the drop itself is the intelligence.

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StealthMoon

· 01-08 23:27

zec this wave is really outrageous, internal team conflicts are happening faster than the coin price drops... --- Is it governance issues again? I keep saying such projects are high risk --- $23 million liquidation? Leverage guys are going to have to eat noodles again --- Privacy coin sector one after another experiencing explosions, do you still dare to touch them, everyone? --- The operation of the bootstrap board is really outrageous, holding back to promote their own people --- Disputes over privatization can cause the entire team to leave, what does that mean? It means no one has thought it through --- A 20% drop is just the beginning... there will definitely be more to come --- Project teams fighting among themselves, retail investors forced to take the fall, is this Web3? --- Electric Coin has all left, what prospects does zec have... really can't hold on --- I’ve been saying zec has problems for a long time, now it’s good, has anyone believed it?

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AirdropHunter9000

· 01-08 23:23

The entire team has run away, and the board is still blaming each other. This is what they call decentralized governance, haha.

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