Zcash (ZEC) traded above $600, up 6.29% in 24 hours, despite a 3-4 hour block production halt on June 3, 2026. High trading volume and a record 5.1 million ZEC in shielded addresses contributed to the price resilience.
Despite a 3-4 hour block production halt on June 3, 2026, Zcash (ZEC) maintained its price above the $600 psychological support level, even experiencing a 6.29% increase over 24 hours to trade at $619.05. Trading volume remained robust at over $1.34 billion during the disruption, indicating a lack of significant selling pressure. Concurrently, shielded ZEC holdings reached a record high of approximately 5.1 million ZEC, representing over 30% of the shielded-capable supply. This growth, largely driven by the Orchard shielded pool, suggests increasing user adoption of privacy features for their intrinsic value rather than speculative purposes. ZEC has seen substantial gains, up 7.8% over seven days and 45.4% over the past 30 days, with analysts noting resistance levels around $633-$650 and a broader ceiling near $700.
The resilience of Zcash's price above $600 despite a network outage and the sustained growth in shielded addresses highlight strong user confidence and adoption of its privacy features, suggesting underlying demand independent of short-term network disruptions.