ZEC Just Hit $1,200: What You Need to Know About Its Meteoric 370% Surge in 3 Months

It was just three months ago that FUD around Zcash (ZEC) was running rampant, and a vulnerability in its Orchard privacy pool turned the tables and raised some uncomfortable questions.

The situation has taken a major turn, as the protocol patched the issue, and its privacy nature made it arguably the top performer in the large-cap altcoin space in the past three months.

The Meteoric Rise

Recall that the issue was first disclosed by Zcash founder Zooko Wilcox and members of Shielded Labs, who explained that a hacker could have used this weakness to make endless fake ZEC in Orchard, Zcash’s protected transaction area, without getting caught right away. Although by the time they made this public, the vulnerability was fixed, it still pushed some prominent names, such as Arthur Hayes, to dispose of their holdings, citing further potential issues.

The impact on the native token was felt immediately. The asset traded at $650 before the issue became public and tumbled by 60% within a day or so to $260 as FUD was being spread left and right.

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