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Altcoins · 1 min read

Zipcoin Announces Protocol Shutdown and Outlines Plan for Token Sale

Project wallets control 2.2% of the token supply as ZC plunges 84% in 24 hours.

Editorial oversight: Julian Mercer, Chief Editor
Bearish
$BTC $81,791 −2.5% $ETH $2,405 −3.4%

At a glance Announced

What happened
Zipcoin announced it is shutting down and planning a token sale on Oct. 22, with ZC dropping 84% in 24 hours.
Why it matters
The closure removes active protocol support as project wallets hold 2.2% of the token supply.
Who is affected
Zipcoin tokenholders and the Zipcoin development team.
What's next
No next step announced.
Primary source
thedefiant.io: Zipcoin Announces Shutdown and Plans Token Sale

Key points

  • Zipcoin announced its protocol shutdown alongside plans to conduct a token sale.
  • Project-controlled wallets hold 2.2% of the total token supply, according to the team.
  • The native token ZC fell 84% across a 24-hour period following the announcement.

Cryptocurrency project Zipcoin announced on Oct. 22 that it is shutting down operations and planning a token sale 1. Following the announcement, the project's native token, $ZC, fell 84% over a 24-hour window 1.

According to statements from the Zipcoin team, project-controlled wallets currently hold 2.2% of the total token supply 1. The team stated that it intends to execute a token sale in connection with the winding down of the protocol 1. The move occurs as broader market pressures continue to affect early-stage ventures, mirroring patterns seen across the sector where a crypto shutdown wave claims 82 projects in 2026 amid revenue strain.

Market Impact

The 84% drawdown in $ZC over 24 hours reflects rapid secondary market repricing following the closure notice 1. The Zipcoin team disclosed that the 2.2% supply allocation remains in project wallets as plans for the prospective sale develop 1. At the time of writing, broader digital asset markets traded slightly lower, with $BTC at $81,743 and $ETH at $2,402.

The project has announced the cessation of its operational roadmap alongside the planned disposal of tokens from its wallets 1. Additional administrative details concerning the execution of the token sale and final wind-down procedures remain tied to upcoming communications from the Zipcoin team 1.

Sources

  1. [1] Zipcoin Announces Shutdown and Plans Token Sale — thedefiant.io, October 22, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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