Zcash Surges to $478, Up 80% Since June 5 as Market Shrugs off Orchard Vulnerability

ZEC4.48%
Zcash (ZEC) surged 11.3% to $478 on June 9, maintaining an 80% rally that began on June 5 and pushing its market capitalization to $8 billion. The price surge wiped out $11.5 million in short positions within 24 hours while ZEC reclaimed its top privacy coin status over Monero. Despite a critical zero-knowledge security vulnerability discovered in the 2022 Orchard shielded pool, analysts remain divided on long-term implications, with some viewing the bug disclosure as having minimal impact on the asset's utility.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
WhatShouldIBuyToday?vip
· 1h ago
Stop joking. It's just the big players manipulating the market to lure in more traders.
View OriginalReply0