Zcash falls to $550 after 33% weekly surge amid renewed interest and controversy.

Zcash (ZEC) dropped to $550 on May 11 following a sharp rally that saw its price surge over 33% in the past week, fueled by renewed interest and a $25 million funding boost from major investors. Despite a 7% dip in 24 hours, ZEC remains the largest privacy coin by market cap, nearing $10 billion. The price rebound follows earlier turmoil caused by the mass resignation of its development team over governance disputes, which had pushed prices below $400. Supporters see potential for a strong rally in 2026, while critics question the coin's privacy claims due to limited shielded pool liquidity.