The cryptocurrency market is experiencing a challenging period, with different tokens exhibiting varied responses. Shiba Inu (SHIB) is caught in a downward spiral, with its price dropping to $0.00000738, reflecting a 1.43% daily decline. The situation is exacerbated by a significant whale moving $3.64 million worth of SHIB to an exchange, typically a precursor to selling. Furthermore, SHIB's token burn program, a key mechanism for creating scarcity, has completely stalled, removing a fundamental driver for long-term value appreciation. Technically, SHIB is trading below all major support levels, with a break below $0.0000068 likely triggering further declines.
Similarly, Hyperliquid (HYPE) is facing multiple headwinds. Its price has dropped 0.79% in 24 hours and 17.85% weekly, breaking below the critical $26 support level that had held for months. Analysts now predict a potential drop to $22. The outlook is further clouded by the unlocking of 10 million new tokens this month, which will increase market supply and create additional selling pressure. HYPE currently trades at $24 and needs to reclaim the $26 level to halt the downtrend.
In contrast, the Zero Knowledge Proof (ZKP) presale auction is attracting significant attention and capital. Its unique model releases exactly 200 million ZKP tokens daily, distributing them proportionally among all contributors based on their share of the total daily investment pool. A $50,000 daily contribution cap per person prevents whale dominance, ensuring a fairer distribution. The fixed daily supply coupled with rising demand creates a natural price appreciation mechanism for early participants. Analysts suggest that when ZKP lists on exchanges, the listing price will be influenced by the final presale auction prices, potentially offering substantial profits to early entrants.
ZKP is part of a broader trend of notable 2025 presale projects, which also include Ozak AI (focused on blockchain-based prediction models), Bitcoin Hyper (a Bitcoin Layer-2 scalability solution), and DeepSnitch AI (a market monitoring tool). ZKP distinguishes itself by focusing on privacy-centric infrastructure using zero-knowledge proof technology (zk-SNARKs, zk-STARKs), enabling data verification without disclosure. This aligns with growing industry discussions, including those by Vitalik Buterin, on transparency and verifiable computation.
