Analysis of $zkj Token Status and Future Price!

I. ZKJ Token Background

ZKJ is the native token of Polyhedra Network. This project focuses on Web3 interoperability and cross-chain infrastructure based on zero-knowledge proofs (ZKP), aiming to provide efficient, secure, and scalable solutions. ZKJ's uses include network governance, payment of handling fees, and incentivizing ecological participants.

In June 2025, the ZKJ token price experienced a severe flash crash, falling from approximately $2 to $0.33, with a market value loss of nearly $500 million, triggering widespread market attention and a crisis of confidence.

II. Analysis of the Possibility of ZKJ Token Going to Zero

"Going to zero" is an extreme situation in the cryptocurrency market, but the following factors may affect the future value of ZKJ:

1. Factors Supporting Non-Zeroing

- Technical Potential: Polyhedra Network's zkBridge protocol has technical advantages in the field of cross-chain interoperability, especially in the context of growing Layer-1 and Layer-2 interoperability needs, providing ZKJ with potential practical use cases that may support long-term value.

- Team Response: Polyhedra co-founder Tiancheng Xie stated that he would buy back more ZKJ tokens to stabilize the market and promised to prevent similar "financial attacks" from happening again.

- Market Forecast: Some analysts predict that ZKJ may rebound in the future, such as reaching $2.29 by the end of 2025, or rising to $4.95 within five years, indicating that some market participants still have confidence (forecasts are for reference only).

- Application Scenario Expansion: ZKJ is exploring applications in decentralized finance (DeFi), supply chain management, and the Internet of Things, which may bring new demand for tokens.

2. Factors Increasing the Risk of Zeroing

- Historical Flash Crash: In June 2025, the price of ZKJ plummeted by 83% in a short period of time (from $1.98 to $0.33) due to whale sell-offs, KOGE pool liquidity crisis, token unlocking pressure, and panic caused by Binance Alpha Points rule adjustments. Similar events may recur when liquidity is insufficient.

- Trust Crisis: The community has strong dissatisfaction with the Polyhedra and KOGE teams, and some users accuse the project of "pump and dump" or "deliberate harvesting" behavior, which may lead to user churn and weaken ecological development.

- Token Unlocking Pressure: On June 19, 2025, 15.5 million ZKJ tokens (approximately 1.55% of the circulating supply, worth approximately $10 million) were unlocked, and the selling pressure may further depress the price.