ZKC Token Surges in Trading Volume After Bitcoin Finality News, Faces 14.58% Price Drop

ZKCUSDT has experienced significant volatility in the past 24 hours, with the Binance price currently at 0.1359 USDT, reflecting a 14.58% decline from its 24-hour open of 0.1591 USDT. The price movement is largely attributed to the recent announcement of Bitcoin finality integration for ZK proofs, which initially drove strong buying interest and a substantial increase in trading volume, peaking at 343 million ZKC. However, the market has seen a reversal as traders reacted to rapid gains, triggering short liquidation events totaling $10,170 and leading to profit-taking and increased selling pressure. Across major exchanges, trading volumes remain elevated and the circulating supply is stable near 228.78 million ZKC, while market capitalization is consistently around $30.9 million. The asset continues to be available for spot and perpetual trading, with traders and analysts noting both bullish continuation signals and reminders of previous volatility following major news.