Zcash (ZEC) is rebounding sharply, trading at $443.07 and up 26.5% over the past 24 hours, according to The Right Trader's live price data. The move recovers part of a steep selloff that had dragged the token down by roughly 50% to around $310 earlier in the week after developers disclosed a critical vulnerability in Zcash's Orchard shielded pool.
Monero (XMR) is also firmer, trading at $305.72, up 4.1% on the day, as attention rotates back toward privacy-focused tokens following the relief bounce.
What triggered the crash
The selloff began after the disclosure of an "infinite counterfeit" bug in Zcash's Orchard pool, a flaw that raised questions about supply verification. According to Cointelegraph, ZEC's market capitalization fell by almost $3 billion in 24 hours following the disclosure, even though the vulnerability had already been patched.
The Block reported that ZEC crashed more than 50% to around $310 during the worst of the move, with more than $116 million in liquidations recorded over 24 hours across the broader market.
The bug was found by security researcher Taylor Hornby, who used AI tooling in his review. CoinDesk reported that the flaw he uncovered initially sent Zcash down 38%, and that Hornby has now added Monero to his audit queue, saying other privacy coins are on his list as well.
Developers weigh fixes
Beyond the patch, Cointelegraph reported that Zcash developers are weighing a new shielded pool and turnstile accounting to address the supply-verification concerns the Orchard bug exposed.
The disclosure rippled beyond ZEC. Cointelegraph noted that Ether (ETH) fell below $1,600 to a 13-month low amid the Zcash bug news and a Bitcoin (BTC) drop below $60,000.
What is driving the recovery
The rebound appears tied to the bug already being patched and to continued institutional commitment. The Block reported that Zcash treasury company Cypherpunk Technologies — whose shares plunged more than 40% after the disclosure — remains committed to accumulating 5% of the ZEC supply, with one figure urging the market to "please stop the FUD."
The Right Trader's take
A patched bug and a treasury buyer holding the line are reasonable grounds for a relief bounce, but a 26% single-day recovery after a 50% crash is still a volatile tape, not an all-clear. With the same researcher now auditing Monero, headline risk across privacy coins stays elevated — patience near support beats chasing the rebound.