Zcash Founder Claims ZEC Holders Dodged a Bullet After Sprout Bugs Discovered

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 23 2026

XMR+2.1299999%

ZEC-1.178%

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Sprout Vulnerability Impact: Zcash developers uncovered two bugs in the Sprout privacy pool, one of which could have allowed counterfeit coins, raising concerns among ZEC holders; however, Zooko Wilcox stated they “dodged a bullet.”
Market Reaction: Following the earlier Orchard vulnerability disclosure, ZEC traded near $446, showing slight recovery but still below pre-disclosure levels, with market confidence wavering regarding Zcash's ability to restore supply integrity.
Enhanced Security Measures: Zcash's turnstile accounting system constrains fund outflows from privacy pools, meaning that despite the counterfeit risk in Sprout, the overall ZEC supply was not directly threatened due to this mechanism.
Future Audit Plans: Zcash is advancing the Ironwood upgrade plan aimed at strengthening supply verification through a new privacy pool and turnstile accounting system, intending to rebuild market confidence in its privacy model.

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Technical Analysis for XMR

Technical Sentiment Analysis for Monero (XMR). As of , Monero (XMR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XMR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XMR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Monero (XMR) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	266.076	283.538	300.476	317.938	334.876	352.338	369.276
Fibonacci	283.538	296.679	304.797	317.938	331.079	339.197	352.338

About XMR

Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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