ZEC Falls 19%: Interview with Mert, Bitcoin Under 90K
Zcash drops 19% after developer team resigns amid board dispute as bitcoin slips below $90,000
Crypto markets weakened again yesterday, led by a renewed dip in bitcoin that pushed it below $90,000. Bitcoin was down about 2% as broader majors moved lower.
Against that backdrop, Zcash (ZEC) fell 19% following internal turmoil at the project. The drop came after the Zcash developer team resigned following a dispute with the board, a governance conflict that quickly became a key driver of the token’s underperformance versus the rest of the market.
The departing team said it plans to form a new company and continue the mission. While the statement signals intent to keep development moving, the resignations highlight the importance of governance and organizational stability in crypto projects—especially those tied to long-running privacy-focused networks like Zcash.
Elsewhere in the market, a few smaller movers bucked the negative tone. Lit, wlfi, and xmr were among the top gainers on the day, each up about 3%.
- Market context: Majors declined as bitcoin fell below $90,000.
- ZEC-specific driver: A sharp 19% drop followed the resignation of the developer team after a board dispute.
- Next steps: The team said it will create a new company to continue its work.
