2026-01-09 04:25:04

Privacy coin projects have been having a tough time lately. The core development team announced a collective resignation, and they plan to take a different approach to continue working on privacy coins, which is undoubtedly a major negative for the project's prospects. The market reaction was very direct—whales are concentrating their coins on exchanges, and selling pressure has suddenly increased.

What’s more heartbreaking is that the project's development enthusiasm has fallen to a historic low. What does this usually mean? A sign that innovation momentum is waning. The sentiment in the derivatives market is also not optimistic; the funding rate for shorts is negative, and more traders are increasing their short positions, indicating that there are quite a few bearish forces pushing down.

In simple terms, the upward channel of this coin has basically been broken, and it’s unlikely to see a turnaround soon.

**Technical Overview**

The current price is at 432.67 USDT, with key support at 419.1—close to this level, attentive traders might consider placing long orders, but remember to set a stop-loss if the price breaks below this point. Resistance is at 438.66; from the 1-hour chart, there is about 2.65% space to the resistance, and the rebound pressure is quite evident.

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BuyHighSellLow

· 01-09 07:04

Damn, the core team has all left? How are we supposed to play now? I’ve been saying why it keeps falling nonstop. --- It's the same old story of collective resignation. I'm tired of this routine. Is the next one going to be like this too? --- I'm watching the 419 level, but honestly, it's a bit risky to enter now. I'd rather wait. --- Negative funding rates for shorts are just ridiculous. It's a clear signal that they want to keep crashing. I'll just stay on the sidelines for now. --- Once the enthusiasm for development is completely gone, there's really no hope. It's not a technical issue; it's a matter of people's confidence. --- When whales dump coins, I just run away. No way am I reaching out to catch that knife. --- Can 432 hold? That's the question. Still considering going long? I think it's uncertain. --- The privacy coin sector is now just a pit. Better to switch to a different direction.

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AirdropChaser

· 01-09 04:55

The core team leaving and still thinking about starting from scratch? That's ridiculous. The old boss is about to disband, and you're still fixated on privacy coins? The whales are dumping heavily, and I think there's no chance of recovery after this wave.

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DegenGambler

· 01-09 04:54

Oh my, the team collectively ran away and you still want to continue with privacy coins? That logic is really incredible. Whales dumping, space fee still owed, there are definitely people trying to buy the dip below, but I don't believe it. If it drops below 419.1, you have to cut losses. Sounds nice, but in actual operation, who would be willing?

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CommunityJanitor

· 01-09 04:50

The core team ran off to establish a new faction, this wave of momentum is really a bit desperate... It feels safer to hang a short position at 419.

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GoldDiggerDuck

· 01-09 04:47

The development team collectively bailed out, now who still dares to take over... The giant whale's coin dumping and short fee rate are negative again, isn't this just digging a hole for bottom-fishing traders? If the 419 support level breaks, it's basically hopeless. I don't dare to bet on this kind of thing. This privacy coin is really about to fade out, seems like there's no future. It's frustrating to watch, maybe I should look for other opportunities.

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WhaleMistaker

· 01-09 04:35

The core team ran away and started from scratch. I've seen this move too many times; it's basically dead news. --- Another project that launches a coin with a high opening and then slowly dies—nothing new. --- Those who bought the dip at 419 probably also have to cut losses. They really have no confidence. --- Even with short-term rates negative, they still want more? Dream on, there's still room below. --- The development enthusiasm has fallen to a historic low; it's time to wake up. This is not a cyclical adjustment. --- Whales are dumping on exchanges. What does that mean? Hurry and escape. --- Once support is broken, it's broken. Don't expect a rebound to save you. --- The privacy features of this coin are just fake demand. Now it's exposed. --- With such strong bearish forces, a rebound is a good opportunity to short.

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