ZEC rebounds: adds ~$1B market cap after Orchard privacy-shock

ZEC is rebounding sharply after a supply-confidence shock tied to the Orchard vulnerability in Zcash’s newest shielded pool. Within 24 hours, ZEC added roughly $1B in market value as buyers returned to one of the week’s most volatile privacy-coin trades. Price and market metrics show the move was fast and aggressive. CoinGecko placed ZEC around $418, up ~15.9% in 24 hours, with market cap near $7.01B and trading volume about $1.28B. CoinMarketCap showed a similar trend, with ZEC around $421.53, up ~16.7% and market cap near $7.04B. Depending on the tracker, the market-cap rebound is estimated at roughly $960M–$1B. The selloff followed Orchard’s disclosure, which raised concerns that counterfeit ZEC could potentially be inserted into Orchard under a local exploit scenario. Zcash disabled Orchard via an emergency soft fork before re-enabling it through NU6.2. The Zcash Foundation’s upgrade path stated there was no evidence of unauthorized value creation, no known exploitation, no impact to user privacy, and no break in the total ZEC supply cap—but the “confidence” damage was the market’s key reaction. A notable timing element: Garrett Jin closed a widely watched ZEC short for a profit of about $11.24M shortly before the bounce, highlighting how quickly sentiment can flip once panic selling slows. The article suggests ZEC’s rebound improves momentum but does not fully restore the long-term privacy narrative until confidence in shielded supply integrity is further strengthened.