Why Did $ZEC Crash So Hard Last Week?
A lot of people were shocked by the huge drop in ZEC, but this wasn't just a normal market dump.
The sell-off started after news came out about a serious vulnerability in Zcash's privacy system. So far, there is no proof that anyone actually used the bug, but the news alone was enough to create fear and panic among investors.
The good thing is that the Zcash team acted fast and released a fix. However, when a project faces a security issue, trust doesn't come back immediately. Many traders prefer to wait and see before jumping back in.
What's interesting is that even after the dump, ZEC is still seeing strong trading volume. That tells us big players are still watching it closely rather than completely giving up on it.
For me, this is not the time to blindly buy just because the price is lower. I'd rather wait for confirmation and let the market show that confidence is returning first. Sometimes the best trade is simply waiting for the right setup.
