I used to criticize @PolyhedraZK Panda King a lot when it launched because the airdrop plan at that time was really stupid. So when @zksync later came out to grab the $ZK ticker, I just watched and didn't say anything.
But over a year has passed, and judging by the price performance, $ZKJ is actually much more conscientious than $ZK, having only dropped by over 40%. Moreover, it started to rise steadily since the end of last year, while many VC projects during the same period have fallen by 70%-90%.
Even the rival $ZK has dropped by 75%, and the trend line still shows a downward trend.
From the perspective of market control and manipulation, Panda King, which raised 70 million, should be more stable than zksync. Currently, there is also a 1.2M pool on Bnbchain, and the price is as flat as a cardiac arrest, making it quite suitable for farming points.
Should we initiate a vote to return the $ZK ticker to @PolyhedraZK? 😂😂😂 @_FORAB
Yesterday, Polyhedra's ZKJ was included in Binance Alpha, thus becoming one of the top 100 market cap projects, with few projects not listed on Binance. Looking at the previous listing rules, although ZKJ has doubled in price, the core issue is still in a breakout state.
Currently, the project team has launched staking and trading competitions to boost the token price. The former offers a 150% return, encouraging ZKJ to be locked, while the latter aims to attract people to earn Alpha points.
Before ZKJ, a total of 70 million USD was raised. If the team had been burning funds normally over the past 3 years, it shouldn't have spent this much, so this price surge likely involves major players.
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