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$ZEC The price plummeted nearly 50% in one day, and everyone is now analyzing how serious the Orchard vulnerability really is. I think this is just a pretext for the project team to run away after scamming the retail investors.
Because look, this vulnerability was actually discovered at the end of May, and the team urgently shut down related functions on June 1, fixing the issue through a hard fork on June 3.
And the Turnstile mechanism originally locks the inflow and outflow of transparent pools and privacy pools in a 1:1 ratio.
Even if someone exploited this vulnerability, it couldn't break the total cap of 21 million tokens.
So the question is, when the vulnerability was discovered, the price didn't drop much; when it was fixed, it didn't drop much; and after the fix was completed, it still didn't drop much.
Why did the price suddenly halve after two days?
Many say it's because of the vulnerability. But I think this logic is a bit strange.
A vulnerability that has been fixed, caused no actual loss, and the total supply mechanism is still intact—can it really cause a major project to lose half its market value in one day?
If it were truly a problem with the vulnerability itself, I feel the market should have reacted on the day the news came out.
But it didn't drop when discovered, didn't drop during the fix, and only started crashing after the fix was completed.
In reality, it's just the market maker preparing to run, finding a reason to fool the retail investors. A project worth hundreds of billions just ends so abruptly.
It's truly sad. If this continues, the retail investors in the crypto world will be completely wiped out. Who will still come in 😂
#ZEC