Zcash Rebounds as Developers Clarify Exit Was Structural, Not a Walkout

Zcash (ZEC) rebounded on January 8 after an initial sharp sell-off triggered by concerns over its core development team.   The recovery followed fresh clarification from Electric Coin Company (ECC) leadership, which helped ease fears that the privacy-focused blockchain had been abandoned. ECC Clarification Reframes the Exit ZEC price fell more than 20% at one point, briefly dropping below $390, before recovering above the $430 level.   Trading volume spiked during the decline, suggesting forced selling driven by headline risk rather than a change in protocol fundamentals source: https://beincrypto.com/zcash-price-rebounds-after-startup-transition/