'Please stop the FUD': Zcash treasury company Cypherpunk remains committed to accumulating 5% of ZEC supply

ZEC

ZEC/USDT

$486.74

-1.07%

$486.74

-1.07%

(24s)

24h Volume

$175,343,198.37

24h H/L

$492.64 / $485.00

Change: $7.64 (1.58%)

Funding Rate

-0.0048%

Shorts pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$488.14

▲ 0.03%

Volume (24h): -

Resistance Levels

Resistance 3$522.0663

Resistance 2$503.9667

Resistance 1$488.9569

Price$488.14

Support 1$485.41

Support 2$470.2125

Support 3$440.2146

Pivot (PP):$490.9967

Trend:Sideways

RSI (14):48.0

The Block Editorial

(04:46 PM UTC)

1 min read

Updated bySarah Chen

0 comments

Cypherpunk Technologies (CYPH), a Nasdaq-listed Zcash treasury company, saw its shares fall more than 40% on Friday as investors reacted to the disclosure of a critical bug that was recently patched in the privacy-focused cryptocurrency. The (ZEC) token itself also fell more than 50% during the selloff.

The decline followed the disclosure of a counterfeiting vulnerability in Orchard, Zcash's…