Zipcoin Announces Shutdown and Plans Token Sale
- —Zipcoin announced it is winding down and plans a token sale
- —Team wallets hold 2.2% of the total ZC supply
- —The ZC token dropped 84% in 24 hours
Why it matters: The shutdown and team token sale add selling pressure on ZC and raise doubts about the team's handling of the wind-down.
Source: The Defiant