Zcash bounced 71% off the orchard exploit low to $423 and the philippines just banned privacy coins the same week. EU AML regulation forces european exchange delistings by july 2027. the orchard bug existed for 4 years and privacy by design means no one can prove it wasn't exploited. $7b market cap on a chain averaging 4,900 daily transactions. 30% of supply is shielded, down after 939k $ZEC unshielded post-fork because holders themselves don't trust the privacy pool anymore. the price is celebrating while the foundation is cracking underneath it