HYPE price
The broader crypto market has held a constructive tone over the past 24 hours, with Bitcoin trading near $98,000 and several major assets posting modest gains. Against this backdrop, HYPE, the native coin of the Hyperliquid DEX, has moved lower, slipping below the $25 level after a roughly 3% daily decline.
Meanwhile, Zero Knowledge Proof (ZKP) is entering a structurally significant phase in its distribution. Phase I of the on-chain presale auction is closing, marking the end of the most gradual participation window.
The subsequent phase will introduce a capped daily allocation of 190 million ZKP, tightening availability and changing how participation is measured. This shift places greater emphasis on timing and proportional access, reinforcing ZKP's design around transparent, rule-based allocation.
HYPE's recent pullback highlights short-term hesitation in the market, despite signs of growing commitment from longer-term participants.
Key observations include:
Rising staking activity typically reflects confidence among holders willing to commit capital beyond short-term price movements. However, that confidence has yet to translate into immediate price support.
Beyond staking, other indicators show that conviction remains mixed.
Recent data points include:
Together, these metrics suggest that while core users remain engaged, speculative demand has softened, limiting HYPE's ability to rebound decisively.
Zero Knowledge Proof operates a public, protocol-enforced presale framework where supply release and allocation follow predefined on-chain rules. Each phase adjusts availability while maintaining transparency, reflecting a broader emphasis on verifiable systems in which distribution mechanics are executed by code rather than intermediaries.
Zero Knowledge Proof's presale is approaching a clear inflexion point. Phase I, which operated with higher daily availability and more gradual allocation pressure, is nearing completion.
This phase has been defined by:
As Phase I closes, the presale transitions into a tighter supply regime that materially alters participation dynamics.
The next phase of the ZKP presale introduces a fixed daily cap of 190 million ZKP, reducing availability relative to earlier conditions.
This shift has direct implications:
Unlike discretionary or fixed-price sales, the capped structure ensures that access is governed by transparent rules rather than timing advantages or private arrangements.
As crypto markets mature, evaluation criteria are shifting away from short-term price reactions toward how supply is introduced, controlled, and constrained. ZKP's move from Phase I into a capped daily supply phase highlights this shift by:
HYPE's slide below $25 underscores the challenge of converting and improving on-chain signals into near-term price stability. Rising staking balances and active derivatives markets suggest longer-term engagement, but softer retail demand and a substantial TVL drawdown continue to weigh on price action.
Zero Knowledge Proof is entering a different phase of its lifecycle. With Phase I closing and a 190 million daily cap defining the next stage, its presale mechanics are tightening in a transparent, protocol-enforced way. As attention increasingly shifts toward structure over speculation, this transition is becoming central to how participants assess early-stage crypto opportunities.
Explore Zero Knowledge Proof:
Website: https://zkp.com/
Auction: https://buy.zkp.com/
Telegram: https://t.me/ZKPofficial
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