Zcash, a privacy coin, patched a critical security vulnerability on April 1 that could have been exploited by malicious miners to move more than 25,000 ZEC from the now-deprecated Sprout pool. The vulnerability has existed since July 2020, but it was not actually exploited. The development team has released a patched version, and major mining pools have completed the upgrade. In addition, Zcash’s mechanism helps prevent inflationary issuance, ensuring the total supply remains secure.

Gate News message. On April 1, according to Gate行情, as of the time of writing, ZEC (Zcash) is trading at $248.68. It is up 10.26% over the past 24 hours, reaching a high of $258.21 and falling to a low of $226.22. The 24-hour trading volume is $3.9798 million. The current market cap is approximately $4.136 billion. Zcash is the first blockchain system to use a zero-knowledge proof mechanism. It can provide complete payment confidentiality while still being able to use a public blockchain to maintain a decentralized network. The total supply of the ZEC token is 21 million. Unlike Bitcoin, Zcash transactions automatically hide the sender, receiver, and amount of every transaction on the blockchain. Only those who have the viewing keys can see the contents of transactions. Users have complete control

Grayscale analyst Michael Zhao’s report notes that AI monitoring and on-chain transparency could make privacy features a core financial requirement, yet the crypto market’s valuation of this is currently too low. Zcash’s shielded transactions show that privacy demand is real, but its market share is only about 0.3%. If market expectations shift, ZEC could have a much larger upside potential; the current quote is about $224.80.

Gate News report, on March 27, The Data Nerd monitored that the whale address "Corus" deposited 1.5 million USDT to a certain CEX 12 hours ago and withdrew 645,500 ZRO (approximately 1.4 million USD) from it. In addition, the address currently holds 318,100 HYPE (approximately 12.27 million USD) and has three orders totaling about 1.25 million USD, respectively for buying TAO, ZRO, and

Zcash (ZEC) is currently oscillating around $226, facing pressure from a descending channel. Despite the appearance of bullish divergence and increased holdings by some investors, the market remains predominantly bearish. If it holds the $227 support level, it could potentially rally to targets such as $267; if it breaks below, it may test $191. Core factors include the stability of support levels and capital flow dynamics.

Zcash (ZEC) is currently priced at $220, facing a critical decision closely linked to Bitcoin. If Bitcoin remains strong, ZEC may rebound, and surpassing $242 could trigger a short squeeze; on the other hand, falling below $208 will intensify selling pressure. The overall trend is affected by Bitcoin, so investors should closely watch its movements.

ZCash (ZEC) recently surged 15% to $266, with a market cap reaching $4.5 billion, benefiting from a recovery in the altcoin market and Zcash Open Development Lab's $25 million funding round. ZEC trading volume increased 73%, indicating heightened trader participation. Total liquidations in the crypto market reached $500 million.

An on-chain address increased its ZEC short position again on March 17-18, currently holding approximately 17,157 ZEC with unrealized losses of $800,000, making it the largest short on-chain. The address has been consistently shorting ZEC and previously experienced significant unrealized losses before gradually turning profitable. The address also holds short positions on ETH.

Gate News bot message, A newly created wallet withdrew 14,360 ZEC tokens valued at $3.95 million from a centralized exchange 2 hours ago.

On March 17, in the cryptocurrency market, Zcash (ZEC) showed the largest gain with an increase of 14.40%, while Pi (PI) experienced the largest decline with a decrease of 8.65%. The overall market showed significant volatility.