Privacy-focused token Zcash experienced a sharp selloff, dropping roughly 20% within a 4-hour window as it tested support below the $400 level. The catalyst? The project's core development team announced their departure following disagreements with the board. While the developers have signaled intentions to establish a separate entity focused on advancing privacy technology infrastructure, market participants showed little patience for such details—selling pressure remained relentless as uncertainty settled in. This type of governance friction often triggers immediate capitulation in tokens tied closely to specific teams.