đź“Š Zcash resented and fell at least 10% after the total resignation of the Electric Coin Company team.
✍️ Josh Swihart talks about “forced renunciation” due to changes imposed by the Bootstrap board.
đź“ť The protocol remains intact and the team will form a new company focused on privacy.
What happened to Zcash?
byu/Sufficient_Fuel5269 inCryptoMarkets
Posted by Sufficient_Fuel5269
3 Comments
They fake pumped it after years of it being dead and exit scammed, now that they sold their bags they left and and moving onto a new company
It’s a shit coin. Onto the next one.
This was such an obvious and coordinated manipulation – i posted about this like a week ago.
People didn’t just suddenly start talking about privacy again, and this trend didn’t grow organically in response to surveillance states or launching on solana or whatever people were saying.
There were tons of influencers who were quite public about being offered money to pump zcash, and push this narrative that it was the new bitcoin or something. It had an ultra low market cap and volume and was well known in the crypto industry – it probably wasn’t that hard to pump and didn’t take that many big money actors.
When big names jumped in to either talk privacy or pump it directly, then it was off to the races.