The price of Polyhedra Network’s $ZKJ has dropped sharply — falling over -87% in just one hours. But what’s really causing this?
A big reason is the token unlock on May 19 — over 15.5 million ZKJ tokens (worth around $30 million) were released into the market. That’s a lot of new supply, and many holders started selling.
At the same time, trading volume fell by 40%+, meaning fewer buyers and more pressure on price.
In total, #ZKJ is down about 95% from its all-time high — and panic selling made things worse.
But here’s something most people are missing:
The project itself is still strong.
They have partners like Google Cloud, Revolut, Bima
zkPyTorch is live
Their EXPchain developer ecosystem is growing
Heads up: Another big unlock is coming on June 19, so stay alert!
👉 So, what should you do?
Don’t panic sell
Watch for volume recovery
Focus on long-term developments
