Huo Xing Finance reports that on June 7, according to market data, ZEC rebounded above $400, reaching $414.6, and is currently trading at $403, with a 24-hour gain expanding to 9.4%. Prior to this, ZEC had dropped to $250 following the disclosure of an infinite minting vulnerability and has since recovered approximately 60% from its recent low. Zcash plans to launch the Ironwood upgrade by the end of July, introducing a new privacy pool and enhancing the verifiability of total supply.
ZEC price surpasses $400, with 24-hour gains reaching 9.4%
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Summary
ZEC price rose above $400, reaching $414.6 before stabilizing at $403, a 9.4% increase in 24 hours. The coin had previously dropped to $250 after an inflation vulnerability was disclosed but has since rebounded by approximately 60%. Zcash plans the Ironwood upgrade by late July, introducing a privacy pool and enhancing supply verification. Price analysis indicates renewed interest in the asset following the update.
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