The Zcash team finalized the Ironwood upgrade, introducing the Orchard shielded pool to patch a counterfeit vulnerability; $ZEC rebounded over 80% from its intraday low of $252 on June 5. While the technical patch itself is not a new narrative, the market appears to be betting on a brief regulatory window for privacy coins, with the rally driven more by sentiment recovery than fundamental reversal. The privacy sector remains long-term constrained by regulatory gray areas, limiting the sustainability of this rebound.
