# Zec

#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

On January 8th, Coinbob data shows that the ZEC price briefly dropped 6.4%, touching a low of $449 before rebounding to around $465. During this fluctuation, the largest long whale (0x152) on Hyperliquid holding ZEC temporarily shifted from profit to loss, then decisively added to their position around $459, increasing their holdings by 2,486 ZEC (approximately $1.14 million) within 10 minutes. Over the past 20 hours, they have accumulated a total of 9,871 long ZEC positions (about $4.54 million). Currently, this whale holds a 10x leveraged long ZEC position worth approximately $12.35 million,

On January 8, affected by the collective departure of the ZEC development team, ZEC dropped 12.7% intraday. It is worth noting that ChainThink AI has issued five consecutive bearish signals recently; (1) On December 31, when ZEC rose to $540, two short-term and medium-term bearish signals were issued, with the medium-term outlook bearish to $220; (2) On January 7-8, the daily report issued two short-selling strategy signals for ZEC, and another bearish signal above 510, with a short-term outlook bearish to 470/420. #ZEC

#ZEC Really shameless, the market rebounds, and it crashes the contracts downward.

#ZEC What is this?