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Zcash holds above $600 despite network halt, with privacy token holdings hitting record highs.

Protocol Fundamentals
04 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

Zcash (ZEC) maintained trading above $600 on June 3, 2026, despite a 3-4 hour network halt that paused block production. The price rose 6.29% to around $619, with strong trading volumes over $1.34 billion during the disruption, showing market resilience. Notably, over 5.1 million ZEC tokens, more than 30% of the privacy-enabled supply, are now held in shielded private addresses, signaling growing genuine adoption of privacy features. Analysts see $600 as a key support level, with resistance near $633-$650 and a major barrier at $700, indicating potential for further price movement.

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