Zcash (ZEC) Price Rebounds 13% As Dragonfly Confirms Holdings Still Intact

Key Insights

• Dragonfly says it still holds ZEC as concerns over a recently patched Zcash bug begin to ease.
• ZEC jumps more than 13%, with traders watching the $355 to $444 resistance range.
• Historical data shows years of declines, putting focus on whether the latest rebound can last.

Zcash (ZEC) price rose more than 13% after Dragonfly partner Haseeb Qureshi addressed concerns over a recently fixed bug on the network. His comments helped ease market fears, while traders turned their attention to key support and resistance levels.

The Dragonfly Revelation About Zcash

Zcash price moved back into focus after fresh comments from Dragonfly partner Haseeb Qureshi regarding a bug that was recently patched by developers. The issue sparked concern among holders because of questions about what could have happened if the flaw had been used before it was fixed.

Qureshi said the impact would have been felt mainly by holders of shielded ZEC rather than those holding transparent ZEC. He also pointed to another factor that may have limited the damage. According to him, most of the liquidity in the market is tied to transparent ZEC.

That means any counterfeit coins created inside the shielded pool would have faced difficulty reaching exchanges and finding buyers. His remarks came as many investors sought more clarity on the situation.

Market participants have been watching closely to see whether major backers of the project would change their position following the disclosure of the bug. Instead, Qureshi revealed that Dragonfly still holds ZEC. He also said that he personally remains invested in ZODL.

The statement drew attention because investors often look at the actions of long-time industry participants during periods of uncertainty. There was also an update on what comes next. Qureshi said the Zcash team plans to launch a new turnstile and a fresh shielded pool. The goal is to confirm that the existing shielded pool was not inflated.

Data shared by Qureshi showed that the shielded pool’s share of total supply slipped from 31% to 30% over a 48-hour period. The small change suggested there was no significant outflow of funds from the pool, despite concerns about the bug.

Zcash Price Analysis

The market reacted positively to the latest developments. ZEC price climbed to about $366.53, posting a roughly 13% gain. The move helped the coin recover some lost ground and pushed it back into an area traders have been watching.

Market analyst MCO Global said the asset is returning to a wave IV support level that was tested earlier in February. That area has become an important point for traders looking at the chart. The analyst identified a resistance zone between $355 and $444. Staying above that range could give buyers a level to build on.

A break below support, however, would shift attention back to lower price areas that have already been tested in the past. For now, traders appear to be weighing the latest comments from Dragonfly against the broader market picture.

The rebound shows that some buyers were willing to step in after more details about the bug became public. Zcash price action over the coming sessions will likely determine whether the current move has enough strength to continue.

ZEC Price Historical Trend to Watch

While the latest rise has improved sentiment, the longer-term record remains mixed. Historical data shows that Zcash price fell 39.6% in 2022 before recording a modest gain of 4.4% in 2023.

Losses returned in 2024, declining 22.6%, followed by another 23.5% drop in 2025. So far in 2026, the coin is down 35.8%. Those numbers show that rallies have often been followed by periods of weakness.

Because of that history, traders may want to see whether the current recovery can hold above important support levels before calling it a larger turnaround. The planned verification of the shielded pool could also remain a key market focus.

For the moment, Zcash has regained attention after Dragonfly confirmed its holdings remain unchanged. Whether that renewed confidence can support further gains is the question traders will be watching in the days ahead.

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