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The development activity of privacy coin ZEC is cooling down. According to the latest monitoring data from the on-chain analysis platform, ZEC's development activity has fallen to its lowest point since November 2021. What is more noteworthy behind this figure is that ZEC, which once experienced a surge (market cap increased by about 15 times), has seen its price shrink by 40% over the past two months. The continuous decline in development activity is concerning — based on historical experience, a long-term weakening of development efforts often indicates that the project may face further challenges. For investors tracking the privacy coin sector, this signal should not be ignored.