Zcash Plunges Over 50%, Market Fears Surge Amid Governance Debate

Zcash has experienced a dramatic market decline, plummeting over 50% from its recent peak. This sharp drop coincides with escalating concerns surrounding the project’s governance structure and increasing investor panic. The cryptocurrency is now trading at around $364, marking a significant downturn in just three weeks and one of the steepest corrections among major altcoins this quarter. A key factor driving this sell-off has been rapid price erosion over the past 24 hours, with investors selling off their holdings en masse as fear rather than profit-taking appears to be the dominant force behind the market shift.