ZEC has indeed been experiencing changes recently. Team adjustments often serve as a barometer of market sentiment—once there are personnel changes at the grassroots level, investors begin to reassess the project's prospects and execution capability. From a technical perspective, the privacy coin sector itself is in a regulatory gray area, and any small movement could amplify market uncertainty.

The recent decline may be a direct reflection of this uncertainty. But from another angle, the market downturn also provides more opportunities for people to pay attention and participate. As a pioneer in privacy coins, ZEC's core technology and application scenarios have not changed due to short-term adjustments. The question is, when will market confidence recover, and how will the positioning of privacy coins evolve amid gradually clarifying regulatory frameworks?

No matter how fierce the storm, genuine project teams should focus on technological iteration and ecosystem development, rather than being hostage to short-term volatility. Investors also need to think clearly: are you betting on fluctuations, or do you truly believe in the long-term value of privacy coins? This choice will determine the path forward.