{"id":73781,"date":"2026-06-09T14:19:45","date_gmt":"2026-06-09T14:19:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/zcash-climbs-80-since-june-5-as-traders-shrug-off-orchard-bug-fears\/"},"modified":"2026-06-09T14:19:45","modified_gmt":"2026-06-09T14:19:45","slug":"zcash-climbs-80-since-june-5-as-traders-shrug-off-orchard-bug-fears","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/zcash-climbs-80-since-june-5-as-traders-shrug-off-orchard-bug-fears\/","title":{"rendered":"Zcash Climbs 80% Since June 5 as Traders Shrug off Orchard Bug Fears"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Zcash surged 11.3% to $478, reclaiming its top privacy coin status over monero after an 80% rally.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The ZEC spike wiped out $11.5 million in short positions within 24 hours as bitcoin dropped below $63,000.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Analysts like Matthew Brienen watch Zcash next to see how the market prices in the 2022 Orchard pool bug.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>The Orchard Vulnerability<\/h2>\n<p> <span>Privacy coin<\/span> Zcash (ZEC) surged on Tuesday, jumping 11.3% to $478 as it maintained a steady recovery that began shortly after it <a href=\"https:\/\/news.bitcoin.com\/bitcoins-stumble-looks-graceful-next-to-zcashs-faceplant-week-in-review\/\">plunged<\/a> to just under $265. At the time of writing (5:32 a.m. EST), the <span>privacy coin<\/span>\u2019s latest climb pushed its gains since June 5 to approximately 80% and saw ZEC\u2019s market capitalization reclaim the $8 billion threshold.<\/p>\n<p>The coin, alongside rival monero, was one of a handful of <span>altcoins<\/span> that logged gains exceeding 5% even as <span>bitcoin<\/span> dipped below the $63,000 threshold. ZEC\u2019s surge above $470 on June 9 resulted in $11.5 million in short positions on the coin being wiped out in 24 hours, compared with $2.43 million in liquidated long bets.<\/p>\n<p>While Zcash has since wrestled back its top-dog status from chief rival Monero, the asset is still trading at a steep discount compared to its pre-June 5 peak of just over $600. Before the correction, ZEC was riding a powerful wave of momentum, fueled by a resurgence in the crypto-privacy narrative and high-profile endorsements from industry heavyweights like Arthur Hayes. However, that <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bullish<\/a> trajectory ground to a sudden halt. The catalyst for the reversal was the unsettling discovery of a <a href=\"https:\/\/news.bitcoin.com\/zcash-orchard-counterfeiting-bug-patched\/\">critical vulnerability<\/a> within Zcash\u2019s Orchard shielded pool\u2014a zero-knowledge security flaw that had quietly lay dormant since 2022.<\/p>\n<p>Despite this, supporters of the <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-privacy-coins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">privacy coin<\/a> believe the uncovering of the bug has not damaged ZEC\u2019s long-term appeal. Posting on X, Eunice Wong <a href=\"https:\/\/x.com\/Eunicedwong\/status\/2063957042357014765\" target=\"_blank\" rel=\"noopener noreferrer\">insisted<\/a> there is an extremely low likelihood an exploit was executed and said traders who offloaded their holdings had overreacted.<\/p>\n<p>\u201cLong-term thesis hasn\u2019t changed. In an AI-driven world where every transaction is tracked, financial privacy will become the scarcest asset, and ZEC is still one of the strongest privacy plays in <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a>. Catching this falling knife is going to look like a genius move,\u201d Wong wrote.<\/p>\n<p>Matthew Brienen, managing partner at Cryptocharged, <a href=\"https:\/\/x.com\/matty_charts\/status\/2064101667088515194\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> while he recently reduced his ZEC holdings, it was purely a risk-management decision rather than a change in conviction. Nevertheless, he offered an explanation for why caution is warranted even if there is no proof that ZEC was counterfeited.<\/p>\n<p>\u201cThe Orchard bug isn\u2019t a confirmed <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> event. It\u2019s a confirmed inability to prove supply integrity. Those are not the same thing. The most important fundamental fact to remember is that turnstile accounting is not the same as proving Orchard balances are legitimate. You can track what entered. You can track what exited. That doesn\u2019t prove every claim inside the pool was valid,\u201d Brienen explained.<\/p>\n<p>He added, however, that if counterfeit Orchard notes do exist, they could remain hidden until redemption is ultimately forced. According to Brienen, the recent price action suggests that is exactly what the market is trying to price in.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/zcash-climbs-80-since-june-5-as-traders-shrug-off-orchard-bug-fears\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Zcash surged 11.3% to $478, reclaiming its top privacy coin status over monero after an 80% rally. The ZEC spike wiped out $11.5 million in short positions within 24 hours as bitcoin dropped below $63,000. Analysts like Matthew Brienen watch Zcash next to see how the [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":73782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73781"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73781"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73782"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}