Zipcoin Announces Shutdown and Token Sale as ZC Falls 84%

Zipcoin announced a shutdown and plans to sell its Zipcoin (ZC) token as ZC fell 84% over 24 hours, putting the project’s wind-down plans alongside a sharp decline in its market price.

The team said project wallets hold 2.2% of ZC’s total supply. That figure describes the share held in project wallets as Zipcoin moves toward a shutdown and token sale. The announcement presents the closure and sale as plans, not completed steps.

The 84% loss covers a 24-hour period. It is separate from the 2.2% wallet holding: one measures ZC’s price decline, while the other states the portion of supply held in project wallets. Those measures answer different questions: how far the token fell in a day and what portion of supply the team says sits in project wallets. Together, the details frame Zipcoin’s announcement around a planned shutdown, a planned token sale and project-held ZC during a steep drop.