Zcash (ZEC) fell to $550 on May 11 after a significant rally, maintaining a 33% gain over the past week. The privacy coin's recent surge was fueled by a $25 million funding boost from investors including a16z and Coinbase Ventures. Despite a 7% daily decline, ZEC remains the top privacy coin by market capitalization, valued just under $10 billion. The renewed interest in Zcash follows a turbulent period marked by the resignation of its development team over governance disputes. The recent price action is seen by some, including Zcash Open Development Lab founder Josh Swihart, as a validation of recent protocol changes. However, critics highlight ongoing concerns about the coin's privacy features, noting that only 30% of its supply is in the shielded pool, potentially allowing for data capture by analytics firms.