📢 MAJOR UPDATE !!!
DRAGONFLY STILL HOLDS ZEC — TECHNICAL ANALYSIS: ZEC VULNERABILITY HARD TO EXPLOIT FOR MARKET SELL-OFF 🔥🟡🔍
Haseeb Qureshi from Dragonfly provides crucial technical analysis on the recently patched Zcash vulnerability: counterfeit ZEC (if created) primarily affects shielded ZEC, not transparent ZEC — which holds nearly ALL market liquidity. 🛠
This means that even if an attacker manages to create counterfeit ZEC from the shielded pool, they will face significant challenges trying to offload it on exchanges. 💰
Real data confirms: the proportion of the shielded pool in total supply has only dropped from 31% to 30% in the past 48 hours — no signs of a mass exodus. Zcash will implement a new turnstile and a clean shielded pool to verify the old pool is not subject to inflation. 📊
Dragonfly continues to hold ZEC. Qureshi himself is also an investor in ZODL. This is not a panic sell from a major institutional player despite the serious vulnerability. 🎯
Not investment advice. While the analysis is more positive than initially expected, the counterfeiting vulnerability remains serious, and ZEC has dropped ~48% in the past few days.
#Zcash #ZEC #security
$BTC $ETH $ENA
DRAGONFLY STILL HOLDS ZEC — TECHNICAL ANALYSIS: ZEC VULNERABILITY HARD TO EXPLOIT FOR MARKET SELL-OFF 🔥🟡🔍
Haseeb Qureshi from Dragonfly provides crucial technical analysis on the recently patched Zcash vulnerability: counterfeit ZEC (if created) primarily affects shielded ZEC, not transparent ZEC — which holds nearly ALL market liquidity. 🛠
This means that even if an attacker manages to create counterfeit ZEC from the shielded pool, they will face significant challenges trying to offload it on exchanges. 💰
Real data confirms: the proportion of the shielded pool in total supply has only dropped from 31% to 30% in the past 48 hours — no signs of a mass exodus. Zcash will implement a new turnstile and a clean shielded pool to verify the old pool is not subject to inflation. 📊
Dragonfly continues to hold ZEC. Qureshi himself is also an investor in ZODL. This is not a panic sell from a major institutional player despite the serious vulnerability. 🎯
Not investment advice. While the analysis is more positive than initially expected, the counterfeiting vulnerability remains serious, and ZEC has dropped ~48% in the past few days.
#Zcash #ZEC #security
$BTC $ETH $ENA