ZKJ COIN
ZKJ Coin: The Crypto Rocket That Nose-Dived 80% Overnight
Polyhedra Network’s native token, ZKJ, is powering Web3 infrastructure with its flagship zkBridge protocol—enabling fast, trust-minimized cross-chain transfers and zero-knowledge proof services. This makes it a versatile coin used for transaction fees, staking, governance, and securing decentralized bridges.
A Flash Crash That Vocalized Risk
On June 15, 2025, ZKJ endured one of the most dramatic crashes in crypto memory—plunging over 80% from about $1.95 to $0.38 in mere minutes due to a coordinated liquidity drain and massive sell-off by large holders. The fallout triggered over $94 million in liquidations and exposed the fragility of its tokenomics.
Tech Strength vs. Token Model Vulnerability
While the core tech of Polyhedra—zkBridge, zkDID, zkLightClient—remains robust and backed by Binance Labs, Polychain, and Animoca, its early-stage token model proved vulnerable under pressure, especially with large unlock events looming.
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Bottom Line: ZKJ is a technically advanced token with real use cases in Web3 infrastructure—but its volatile token economy makes it a high-risk speculative asset.