Privacy-focused cryptocurrency ZEC (Zcash) rose 22.87% over the recent one-week period, recovering substantial losses recorded after a vulnerability disclosure. The price reached $567 as of 2PM Korean time on the 16th, according to CoinMarketCap. The recovery followed confirmation that no actual exploitation occurred and developer announcement of the Zakura full node software on the 15th local time. The vulnerability, disclosed in June, had initially triggered panic selling due to concerns about unlimited token generation in the Orchard privacy pool. Market sentiment improved after the development team deployed emergency patches and the Turnstile supply verification system showed no abnormal issuance traces.
Orchard Vulnerability Triggered 40% Price Drop in June
ZEC experienced a sharp decline exceeding 40% in June after disclosure of a critical vulnerability in the Orchard privacy pool that theoretically allowed unlimited ZEC generation. The price dropped to $372 during the panic selling, down from the $580 level where it traded before the disclosure. Market participants expressed concerns about potential issues with the token's total supply.
Subsequent investigation confirmed no evidence of actual exploitation on the mainnet. The development team distributed emergency patches, and the Turnstile supply verification system detected no traces of abnormal issuance, gradually alleviating market anxiety.
Developer Team Announces Zakura 1.0.0 Full Node on the 15th
Zcash core developer Sean Bowe announced the Zakura 1.0.0 full node version on X on the 15th local time. Bowe stated that "the upcoming protocol upgrade Tachyon will require significant full-stack performance improvements, and this 1.0.0 release puts us on that path."
Zakura represents next-generation software designed to replace existing full nodes, with market participants expecting it to serve as the foundation for future network scalability and performance improvements.
Broader Crypto Market Recovery Supports ZEC Rally
Improved investor sentiment across the broader digital asset market centered on BTC (Bitcoin) contributed additional support to ZEC's upward movement. As risk appetite returned, buying activity spread to altcoins that had experienced significant declines, with ZEC benefiting from this trend.
According to virtual asset information site CoinGecko, the altcoin market represented approximately 43% of the total digital asset market as of 11AM on the 18th.
FAQ
What caused Zcash to rise 22.87% in one week?
Zcash rose 22.87% following confirmation that the Orchard vulnerability disclosed in June was never actually exploited on the mainnet. The recovery accelerated after developer Sean Bowe announced the Zakura 1.0.0 full node on the 15th local time, and the Turnstile verification system showed no abnormal token issuance.
What was the Orchard vulnerability in Zcash?
The Orchard vulnerability, disclosed in June, was a critical flaw in the Orchard privacy pool that theoretically allowed unlimited ZEC generation. This triggered panic selling that pushed the price down over 40% to $372. Investigation confirmed no actual exploitation occurred, and the development team deployed emergency patches to address the issue.
