Zcash was rumored to have stopped working – then it became crypto’s only winner

Kwon Crash

Published Jun 4, 2026, 8:41 AM UTC

Source: CryptoSource
- Zcash’s “outage” was a masterclass in market psychology. Block explorers glitched during an emergency NU6.2 upgrade to fix a critical Orchard soundness vulnerability, sparking rumors the chain had died. Spoiler: it hadn’t. Miners kept building; nodes just needed to update. While Bitcoin and Ethereum bled out amid geopolitical panic, ZEC surged 10% to $620. The market didn’t see a technical hiccup; it saw a privacy coin surviving a self-inflicted crisis while others crumble. It’s not magic, it’s resilience. The supply cap held, double-spending was averted, and moonboys got their narrative. Next time you hear “chain is down,” check if your explorer is just lazy.