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

ZEC

ZEC/USDT

$1,600.63

+9.06%

$1,600.63

+9.06%

(24s)

24h Volume

$2,892,805,390.24

24h H/L

$1,614.61 / $1,463.51

Change: $151.10 (10.32%)

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$1,587.34

▲ 2.64%

Volume (24h): -

Resistance Levels

Resistance 3$2,014.54

Resistance 2$1,779.45

Resistance 1$1,664.76

Price$1,587.34

Support 1$1,551.53

Support 2$1,390.88

Support 3$1,233.99

Pivot (PP):$1,526.05

Trend:Uptrend

RSI (14):66.5

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…