While Zcash Struggles, XRP and Solana See Institutional Booms
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- Zcash drops up to 20% after the full Electric Coin Company team resigns.
- XRP records ETF inflows and increased whale activity following Ripple and AWS collaboration news.
- Solana sees ETF inflows, token launches, and expanded institutional adoption.
Zcash entered a critical phase after its entire core development team resigned earlier this week. The governance crisis contrasts with growing institutional activity around XRP and Solana. The developments were detailed in a report by the Altcoin Buzz YouTube channel.
Zcash Faces Governance Crisis
Zcash is under pressure following the resignation of the entire Electric Coin Company (ECC) team, totaling about 25 employees. The departures included senior leadership such as the CEO and the chief scientist. The resignations stemmed from a governance dispute with Zcash’s bootstrap board rather than a technical f…
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