ZKJ (Polyhedra Network) rose 71.11% in the last 24 hours.

Gate News Bot News, August 11, according to CoinMarketCap, as of the time of writing, ZKJ (Polyhedra Network) is currently priced at 0.30 USD, having pumped 71.11% in the last 24 hours, with a high of 0.36 USD and a low of 0.14 USD. The current market capitalization is approximately 87.6 million USD, an increase of 36.4 million USD compared to yesterday.

Polyhedra Network is a blockchain project focused on artificial intelligence. Its core product, EXPchain, aims to provide a responsible foundational layer for AI applications, with a primary focus on three aspects: verifiability, data security, and performance. Polyhedra Network has also developed several advanced zero-knowledge proof systems, such as MissileProof, Virgo, and Orion, to enhance the scalability and privacy protection of the blockchain. The project has also established partnerships with multiple well-known blockchain and AI companies.

Important news about ZKJ recently:

1️⃣ Liquidity attack causes ZKJ price plunge Polyhedra Network suffered a liquidity attack, causing the price of ZKJ tokens to plummet by about 80% in a short period. This sudden event raised concerns in the market about the project’s security and had a significant impact on the short-term price trend of ZKJ.

2️⃣ The team commits to conducting a token buyback To address the price decline, the Polyhedra Network team announced the implementation of a token buyback plan. This measure aims to stabilize market sentiment and demonstrate the team’s confidence in the long-term development of the project, with the hope of supporting the price of ZKJ to some extent.

3️⃣ The exchange uniformly updates the token code Polyhedra Network has decided to unify the use of ZKJ as the token code across major trading platforms to address potential confusion with zkSync. This initiative helps enhance brand recognition and may have a positive impact on the long-term development of the token.

From a technical perspective, the price of ZKJ has seen a strong rebound after a significant decline, with a rise of over 70% in 24 hours, indicating strong market recovery. However, considering recent liquidity events, investors should remain wary of potential market manipulation risks.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.