Zcash Price Soars 45% Amid Ironwood Upgrade Plans

The Zcash price is showing significant signs of recovery following last week’s collapse. Despite the recent 50% correction, the ZEC price has now jumped to a three-day high, as the Zcash team is taking initiatives to strengthen the network security.

Notably, the recent downturn in the Zcash price was a result of a critical vulnerability disclosure. Now, developers have unveiled plans for the Ironwood upgrade, which focuses on network security, thereby restoring investor confidence.

Ironwood upgrade boosts Zcash price

Today, the Zcash price has seen a notable rebound, sparking renewed optimism among investors. In line with the overall positive trend in the broader crypto market, the ZEC crypto is now up by more than 6% in a day.

As of press time, ZEC is valued at $426.57, up by 6.3% in a day. With this uptick, the cryptocurrency has managed to recover from its recent downturn. As previously reported by CoinCodex, the Zcash price plunged by about 50% due to the disclosure of a vulnerability. While the cryptocurrency plummeted to nearly $250 on Friday, it has now rebounded by more than 45% from the low.

It is worth noting that this flaw has been unnoticed since 2022. As reported by the team recently, the vulnerability could have allowed attackers to create millions of fake ZEC tokens. It could also allow them to withdraw these funds from the network’s shielded pool, Orchard. Although the vulnerability was reportedly fixed via an emergency upgrade on June 1, the team is planning for another major upgrade to ensure that the flaw was never exploited.

Unveiling Zcash’s Ironwood upgrade

Interestingly, the Zcash developers proposed the Ironwood upgrade on June 6, 2026. It intends to restore confidence in the network’s supply. With this upgrade, the team would create a new privacy pool built on the patched code. Thus, it will prevent the creation of new ZEC coins in the Orchard pool.

The Zcash Ironwood upgrade would help verify the token’s supply. The upgrade allows anyone with a Zcash node to check the balances across the network’s active pools. Thus, the new move removes the need for users to rely on developers’ assurances on the supply.

Most importantly, the Zcash Ironwood upgrade could help determine the impact of the vulnerability. Users can understand whether the vulnerability has been exploited. When users move funds from Orchard to Ironwood, fake tokens created through the vulnerability could be identified. These tokens could also remain stuck in the old pool, becoming unusable.   

A prominent crypto commentator on X, known as Rain, sees the Ironwood upgrade as the most bullish catalyst for the Zcash price. In an X post earlier today, Rain wrote:

Is $490 the next target?

As the Zcash price continues to surge despite the recent fall, experts remain highly bullish. Today, analyst Team LAMBO projected the cryptocurrency’s next major move to $490.

Source: TehLamboX via X

The analyst noted that the ZEC crypto successfully tested multiple critical levels. The token has also retested a previous breakout from a bull flag. Since then, ZEC has surged by a massive 80%. If ZEC manages to reach and hold the crucial resistance at $490, it could sustain the current rally and attain even higher levels.