Winklevoss-Backed Zcash Treasury Plunges Nearly 40% on ZEC Privacy Bug Concerns

ZEC

ZEC/USDT

$1,577.10

+4.07%

$1,577.10

+4.07%

(24s)

24h Volume

$3,028,336,294.19

24h H/L

$1,586.72 / $1,456.92

Change: $129.80 (8.91%)

Funding Rate

+0.0038%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$1,550.15

▲ 0.24%

Volume (24h): -

Resistance Levels

Resistance 3$2,014.54

Resistance 2$1,664.76

Resistance 1$1,563.00

Price$1,550.15

Support 1$1,477.49

Support 2$1,390.88

Support 3$1,296.02

Pivot (PP):$1,526.05

Trend:Uptrend

RSI (14):65.4

Decrypt Editorial

(03:49 PM UTC)

1 min read

Cypherpunk Technologies shares tumbled 37% on Friday as jitters tied to a Zcash bug knocked the Winklevoss-backed firm.
The company, which owns $102 million worth of Zcash, saw its holdings suddenly plunge underwater as the privacy coin fell.
Cameron Winklevoss has been an outspoken supporter of Zcash, saying he believes “strong privacy is an essential property of sound money.”

Fallout…