Zcash’s price jumped 17% in under 10 hours—moving from $426 to nearly $500—adding over $1 billion to its market capitalization and triggering more than $13 million in short liquidations.
Key Takeaways:
Zcash has deployed an emergency hard fork to patch a critical Orchard pool vulnerability.ZEC surged 17% toward $500, adding over $1 billion to its market cap and liquidating $13 million in shorts.Shielded Labs confirms an Anthropic AI security audit found no further bugs before the upcoming upgrade.“By sealing the Orchard pool, it restores users’ ability to independently verify the soundness of the Zcash supply,” the two researchers explained. “Users no longer need to determine whether counterfeiting occurred in order to verify that the protocol’s supply limits are upheld.”
