Boundless (ZKC) is a decentralized computing protocol based on zero-knowledge proofs (ZK), aimed at providing verifiable computing power for multi-chain ecosystems. The project was launched on the mainnet on September 15, 2025, and on September 22, 2025, it airdropped 15 million ZKC to BNB holders through Binance HODLer Airdrops, accounting for approximately 1.5% of the total supply.
However, after the project went live, the price of ZKC experienced severe fluctuations. It dropped from a peak of $1.79 on September 15 to a low of $0.63 on September 22, a decline of over 60%. The reasons for this phenomenon include:
Airdrop and staking unlock: The release of a large number of ZKC tokens increased market supply, leading to selling pressure.
Inflation expectations: The project adopts an unlimited supply model, with an annual inflation rate of 7% in the first year, decreasing to 3% from the eighth year onwards, which raised investors' concerns about token value dilution.
Market sentiment: The project is marked as a "Seed Tag," indicating higher volatility and risk, leading some investors to choose to wait and see or exit.
As of September 23, 2025, the price of ZKC is approximately $0.64, with a 24-hour trading volume of about $150 million and a total market value of around $130 million.
Currently, the market holds a cautious attitude towards the short-term trend of ZKC, and investors should pay attention to factors such as the project's ecological construction, staking mechanism, and inflation control to assess its long-term value.
