Market Overview (06.05.2026) #ZEC
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The price of $ZEC plummeted to 302.24 after Shielded Labs revealed a critical vulnerability in the Orchard pool that allowed for unlimited minting of fake ZEC—an issue that had been lurking since May 2022.
The bug was discovered on May 29 by security researcher Taylor Hornby using the Claude Opus 4.8 model from Anthropic and was patched on June 1. However, the public disclosure triggered a massive sell-off, leading Arthur Hayes from #BitMEX to liquidate his entire ZEC position.
The price sharply dropped to 252 before slightly recovering, breaking through the upward trend line, the demand zone of 440–500, and all key support levels in one go.
A reaction from the 290–300 zone could set up a rebound to the breached demand zone of 440–500, which now acts as resistance. If this level fails to hold, it could expose lows at 250 points and potentially lead to further declines as the market digests the implications of this attack.
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The price of $ZEC plummeted to 302.24 after Shielded Labs revealed a critical vulnerability in the Orchard pool that allowed for unlimited minting of fake ZEC—an issue that had been lurking since May 2022.
The bug was discovered on May 29 by security researcher Taylor Hornby using the Claude Opus 4.8 model from Anthropic and was patched on June 1. However, the public disclosure triggered a massive sell-off, leading Arthur Hayes from #BitMEX to liquidate his entire ZEC position.
The price sharply dropped to 252 before slightly recovering, breaking through the upward trend line, the demand zone of 440–500, and all key support levels in one go.
A reaction from the 290–300 zone could set up a rebound to the breached demand zone of 440–500, which now acts as resistance. If this level fails to hold, it could expose lows at 250 points and potentially lead to further declines as the market digests the implications of this attack.