ZEC: Winklevoss Treasury Drops 40% on Bug Fears

Winklevoss Capital's Zcash treasury has dropped nearly 40% after reports surfaced of a privacy bug in ZEC, triggering immediate selling across exchanges.

Price action shows ZEC at $365.43, well below the EMA50 resistance at $525.17 and EMA200 at $516.77, locking in a bearish trend structure. The MACD death cross at -59.44 reinforces downside momentum while RSI at 31.76 leaves room for further weakness toward the lower Bollinger Band support at $291.61 before any bounce materializes.

Traders tracking ZEC price prediction models now factor the treasury liquidation into broader crypto market crash scenarios as liquidity thins.