Zcash Approves $1.5M Bounty for Orchard Vulnerability Discoverer
Zcash (ZEC)
Editor:
Eugene Serbin
lookonchain.com reports that Zcash’s third-quarter retroactive grant program has approved two proposals for Taylor Hornby, who discovered the Orchard false coin vulnerability. The approved funding totals $1.5 million, comprising Hornby’s requested $750,000 bounty and an additional $750,000 bonus nominated by the community. Hornby must still complete KYC and fund disbursement procedures before receiving the money.
In broader market news, US August core PCE data came in below expectations, cooling bets on a Federal Reserve October rate hike. The Federal Reserve also voted to approve stress test reforms. Meanwhile, the UK's Financial Conduct Authority has begun accepting authorization applications from crypto firms, with a deadline of February 28, 2027.
Bonk Guy noted that the latest PCE data has not been fully priced in, suggesting the crypto market may rally soon. Other market activity included Super Inu briefly surpassing $68 million in market capitalization with a 176% gain. A trader also profited $448K by monitoring Binance's new listings, while funds flowed into Bitcoin, Ethereum, and Hyperliquid. Additionally, a dormant $PEPE whale transferred all 2.1T tokens worth $52M to a new address after 600 days.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 30 September 2026. Not the outlet's figures.
Zcash is currently trading at $1,417.36 with a 1-hour buy ratio of 61.9%, indicating strong immediate buying pressure compared to the 44.2% ratio over the past 4 hours. This short-term surge is reflected in a positive 1-hour volume delta of +$5,789,181, contrasting sharply with the negative deltas of -$3,322,546 over 4 hours and -$24,070,184 over 24 hours. The cumulative volume delta (CVD) for the 24-hour period closed at -$27,376,862, showing that net selling has dominated the day despite the recent spike. Over the last 24 hours, there were only 9 hours of net buying out of 24, highlighting that the current momentum is a recent development rather than a sustained trend. The 24-hour spot volume reached $307,492,478 across 715,691 trades, suggesting active participation. The shift from negative 4-hour delta to positive 1-hour delta suggests buying pressure is building in the very short term after a day of net outflows.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
Compared to the preceding week, today’s 24-hour buy ratio of 46.0% is lower than the 7-day average of 51.2%, representing a 5.2 point drop. This indicates that today is an unusual day for the coin, characterized by weaker relative buying pressure than its recent weekly norm. The 24-hour volume is also subdued, sitting at 0.83x the weekly average, which signals reduced trading activity compared to the previous seven days. Over the past eight days, the price has changed by -13.0%, with a total volume delta of +$26,585,215. While the weekly delta was positive, today’s significant negative 24-hour delta of -$24,070,184 suggests a reversal of that weekly accumulation trend.