Zcash (ZEC) Price Lost 26% in Just 1 Week as ECC Quits

Source: CryptoNewsNet Original Title: Zcash (ZEC) Price Lost 26% in Just 1 Week as ECC Quits Original Link: Zcash (ZEC), a top-tier privacy-centric cryptocurrency, faced a devastating week. As Electric Coin Company (ECC) is no longer observing protocol development, the entire privacy coin rally narrative is under fire.

Zcash (ZEC) and Cardano’s Midnight (NIGHT) Plummet

Zcash (ZEC), the second biggest privacy-centric cryptocurrency, is among the worst performers this week. Zcash’s (ZEC) price lost almost 26% in seven days, plummeting from $432 to $378. As of today, ZEC is almost 50% below its 2025 high.

In terms of capitalization, the market cap of Zcash (ZEC) — which is equal to FDV of the coin as all ZEC in circulation are released — dropped from $8.3 to $6.2 billion, losing over $2 billion in equivalent in just seven days.

Zcash’s (ZEC) collapse should be attributed to the resignation of the developers behind Electric Coin Company (ECC), its core protocol contributor. The entire team resigned following debates over protocol governance and the next steps of its progress. While it was stressed that nothing changed for Zcash (ZEC) in terms of tech, the unexpected transition ruined the rally of ZEC.

Cardano’s privacy spin-off Midnight Network (NIGHT) is another worst performer of the past seven days. Midnight Network’s (NIGHT) price is down by 26%. NIGHT dropped from $0.09 to $0.068, with the asset’s capitalization targeting $1.1 billion. NIGHT is on the verge of losing its place in the top 100.

Privacy Rally Mixed Signals

Meanwhile, Monero (XMR), the biggest privacy-focused blockchain, registered strong weekly performance. XMR’s price added 8.3%. Monero (XMR) is changing hands at $464 on major spot exchanges, with the token back in the top 25 largest cryptocurrencies.