Zcash Crash: #ZEC Token Price Dropped 35%, Should You Sell?
Zcash ($ZEC ) recorded a sharp correction over the last 24 hours, declining nearly 30% as selling pressure increased due to a critical vulnerability in the network’s Orchard privacy pool.
Santiment data shows that whales turned bearish around $536.6, followed by retail investors near $518.9. With both groups expecting further downside, selling activity increased, and ZEC moved lower. Traders closely monitor whale sentiment because it has often provided early signals of market direction.
Why is the Zcash price crashing?
The vulnerability disclosure became the main catalyst for the selloff. Although the issue was fixed, the exploit has created uncertainty around the network at a time when #zec had recently rallied above $500. The market response was reflected in a rapid deterioration in sentiment and increased selling activity.
#ZECUSDT
Zcash ($ZEC ) recorded a sharp correction over the last 24 hours, declining nearly 30% as selling pressure increased due to a critical vulnerability in the network’s Orchard privacy pool.
Santiment data shows that whales turned bearish around $536.6, followed by retail investors near $518.9. With both groups expecting further downside, selling activity increased, and ZEC moved lower. Traders closely monitor whale sentiment because it has often provided early signals of market direction.
Why is the Zcash price crashing?
The vulnerability disclosure became the main catalyst for the selloff. Although the issue was fixed, the exploit has created uncertainty around the network at a time when #zec had recently rallied above $500. The market response was reflected in a rapid deterioration in sentiment and increased selling activity.
#ZECUSDT
