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Gate Square New & Returning Creator Rewards are ongoing!
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#ZEC Zcash has officially collapsed.
The price plummeted nearly 20 in a single move, breaking through all nearby support levels in a straight line, and did not trigger any meaningful rebound. This is not a technical stop-loss triggered crash, but a fundamental re-evaluation caused by the sudden collective resignation of the core development team.
As the market structure collapses and confidence wavers, $ZEC is currently in a purely speculative trading state. Until governance issues are clarified, market volatility will remain high, and downside risk will dominate market trends.
$ZEC