ZKJ Token big dump aftermath trend analysis: 2025 price prediction

In June 2025, the cryptocurrency market witnessed a thrilling black swan event: the native token ZKJ of Polyhedra Network experienced a flash crash on the Binance Alpha platform, plummeting from $1.946 to $0.3767, with a maximum daily decline of 80.64%, resulting in nearly $100 million in liquidations across the network. This event not only exposed the fragility of the liquidity structure of altcoins but also prompted investors to reassess the true value and technological potential of ZKJ.

As of June 23, data from the Gate exchange shows that the price of ZKJ continues to decline, currently reported at 0.2368 USD, with a market cap maintained around 76 million USD. This article will provide an in-depth analysis of the future trend of ZKJ based on data from the Gate platform, combined with technical aspects and ecological progress.

##ZKJ Flash Crash Incident: Liquidity Dilemma and Market Chain Reaction

On June 15, 2025, at 20:30 (UTC+8), ZKJ and KOGE tokens staged a "domino-like collapse" on the Binance Alpha platform. On-chain analyst AI Yi (@ai_9684xtpa) tracked the coordinated actions of three key addresses:

• Address 0x1A2 withdrew 3.76 million USD KOGE and 532,000 USD ZKJ liquidity from 20:28 to 20:33, and then sold 1.573 million ZKJ;
• The other two addresses simultaneously withdrew over 3.45 million USD in liquidity and sold 1.772 million ZKJ;

The sudden depletion of the liquidity pool triggered a panic sell-off, with ZKJ trading volume surging by 320% within two hours, yet the price still plummeted by 80%.

The deep-seated cause points directly to the flaws in Binance's Alpha points mechanism—users have been long-term brushing the ZKJ/KOGE trading pair for trading volume points, creating "false liquidity." When large holders withdraw funds, breaking the narrow price range, there is a lack of genuine buy orders to support it, ultimately triggering a chain collapse. Additionally, the unlocking of 15.53 million ZKJ tokens (accounting for 5.04% of the circulating supply, valued at approximately 30.3 million USD) on June 19 may be a significant reason for further pressure on ZKJ's price.

Current Technical Situation and Market Sentiment: Oversold Rebound and Bearish Momentum Tug-of-War

After the flash crash, ZKJ exhibits typical "high volatility recovery" characteristics (based on data from Gate exchange):

• RSI once reached the oversold area of 18, attracting bottom-fishing buyers to enter the market, with trading volume soaring to 320 million USD within 24 hours;
• MACD still maintains a bearish trend, and OBV (On-Balance Volume) has decreased by 25% within two hours, reflecting that the selling pressure has not been fully released;
• Key support level has moved down to the range of 0.2 - 0.25 dollars, and if it breaks down, it may trigger a second bottom.

On-chain data further corroborates the decline in market confidence: the number of active addresses holding ZKJ decreased by 12% in 24 hours (Glassnode data), and the trend of funds migrating to stablecoins increased by 10%. Additionally, the S&P 500 index dropped by 1.8% on the same day, leading institutions to reduce their exposure to high-risk crypto assets, and inflows into crypto ETFs decreased by 15%.

##ZKJ Fundamentals and Ecological Progress: Value Anchor Points of Cross-Chain Technology Setting aside price fluctuations, the technical architecture of Polyhedra Network remains competitive:

• The core product zkBridge utilizes zero-knowledge proofs (zk-SNARKs) to achieve secure cross-chain communication across more than 20 chains, including Ethereum, BNB Chain, and Bitcoin, reducing transaction verification costs by over 50%;
• zkDID decentralized identity protocol and Ghostor privacy application have entered the testing phase, expanding Web3 privacy scenarios;
• Secured investments from Binance Labs, Polychain, and OKX Ventures at the capital level, completing a $20 million financing round in March 2024 at a valuation of $1 billion.

In terms of ecological progress, Polyhedra's liquidity increased by 40% after the ZKJ/USDT trading pair was launched on Gate exchange. Its wallet supports account abstraction (AA) and multi-chain asset management, with a user experience rating of 4.7/5. If the progress of ecological applications exceeds expectations, it could become a catalyst for price correction.

##2025 Price Prediction: Divergence Pattern in the Bull-Bear Battle Based on Gate historical data and industry analysis, the market shows polarized views on the trend of ZKJ in 2025:

| Prediction Direction | Core Logic | Target Range | Probability | |------------|------------------------------|------------|--------| | Bullish Expectations | Valuation Recovery Driven by Technical Application Expansion | 1.2 - 2.5 | Low | | Bearish Expectations | Liquidity Risk and Unlocking Selling Pressure | 0.3 - 0.9 | High |

• Optimistic forecast: Institutions like Crypto Ticker believe that if the demand for cross-chain interoperability surges, it is expected to hit $4.94 by the end of the year, with an average annual price anchored at $4.11; CoinUnited analysts are even more aggressive, proposing a "$60 theory," requiring a market cap to exceed $60 billion (currently 60 times), relying on large-scale institutional adoption;
• Cautious prediction: Platforms like DownCodes based on the token economics model (total supply of 1 billion tokens, circulating supply only 308 million) indicate that future unlocking and inflation pressure may suppress the price to $1.62;

In the short term, focus on the trading depth of the ZKJ token on the Gate platform. If the selling pressure is absorbed smoothly, a technical rebound may occur in the third quarter.

##Gate Exchange Trading Strategy Suggestions For investors with different risk preferences, the Gate platform provides differentiated operational paths:

• Short-term volatility trading: Set limit orders using the support zone of 0.2 - 0.25 USD, combined with an RSI < 25 oversold signal on the 1-hour chart for light entry, targeting a rebound of 5% - 8% (strict stop loss at 0.18 USD);
• Staking to hedge risks: Gate offers ZKJ staking with an annualized return of 35% (far higher than the industry average of 6% - 8%), suitable for long-term holders to offset deflationary pressure;
• On-chain monitoring tools: Real-time tracking of whale addresses (e.g., Lookonchain), large transfers to exchanges within 1 hour often indicate a sell-off.

The future of ZKJ is like the metaphor of zero-knowledge proof technology: the truth is hidden in an encrypted black box, waiting for the market to gradually validate it. In the short term, unlocking selling pressure and liquidity repair forms a "double kill" pattern for both bulls and bears; in the long term, its zkBridge still holds imaginative potential in the technical barriers of Web3 interoperability. Investors should use the depth of the Gate platform as a guiding indicator, strictly controlling their positions within their risk tolerance range, while seeking a balance between technological revolution and market bubble.

Author: Blog Team This content does not constitute any offer, solicitation, or advice. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit all or part of its services from restricted areas. Please read the user agreement for more information, link: