Polyhedra Network’s ZKJ token saw a rapid price increase yesterday, jumping from around $0.15 to nearly $0.35 within hours. The move followed more than a week of flat trading near post-crash lows. At its intraday high, ZKJ had more than doubled in value before pulling back to approximately $0.27.
This marks the largest single-session move for ZKJ since June, when the token experienced an 80% drop in under an hour. That June decline took the price from around $2 to $0.30 and was later attributed by the team to coordinated sell-offs, with accusations of market manipulation involving KOGE.
Read also: Polyhedra Releases Post-Mortem on ZKJ Collapse – and Accuses KOGE
Background and Recovery Efforts
Following the June event, Polyhedra released a post-mortem, introduced the Phoenix Revival Program for long-term holders, and continued work on products such as zkML technology and a privacy-focused stablecoin. Despite these actions, ZKJ remained under pressure in the weeks that followed, at times falling below the post-crash low.
While KOGE, which also dropped sharply during the June incident, has recovered part of its losses, ZKJ has until now shown little sustained upward momentum.
Possible Reasons Behind The Surge
The latest increase in price may be linked to a combination of factors. The token’s low liquidity makes it more susceptible to sharp moves when larger buy or sell orders enter the market. Its market capitalization remains under $100 million even after the recent surge, which means relatively small inflows of capital can have an outsized impact on price.
Continued engagement from a portion of the community, along with participation in the Phoenix Revival Program, may also have helped support demand.
What’s Next?
At this stage, the sharp rise is a positive sign for Polyhedra, showing the strongest recovery attempt since the June collapse. However, the long stretch of weakness after that event continues to weigh on sentiment, and the distance from pre-crash levels remains significant. For now, while the move is noteworthy, it is too early to view it as a lasting turnaround.
