Zcash Ecosystem Turmoil: Entire Core Team Resigns, Can the New CEO Stabilize the Situation?

【Crypto World】Zcash’s situation this month has been quite chaotic. The core team of Electric Coin Company (ECC) has collectively resigned, directly causing ZEC’s price to plummet. Former CEO Josh Swihart has announced his departure—he said that his vision no longer aligned with Zcash and has launched a new project called cashZ to continue working on privacy payments.

Taking over from Swihart is Steve Smith from Tools for Humanity under Worldcoin, who has been appointed as interim CEO. This move was not very well received; the privacy community exploded with concerns, worried whether the new CEO’s background can preserve Zcash’s privacy core.

On a positive note—Zcash’s network fees recently hit a new all-time high, indicating genuine demand is still supporting it. Analysts generally believe that this fundamental demand can provide a short-term price floor. But what about the long-term trend? It all depends on the new management’s execution and the overall direction of the crypto market. Whether the ecosystem can stabilize truly depends on the performance in the coming months.