ZKJ (Polyhedra Network) rose 19.50% in the last 24 hours

Gate News Bot message, September 15, according to CoinMarketCap data, as of the time of writing, ZKJ (Polyhedra Network) is currently priced at 0.22 USD, having risen 19.50% in the last 24 hours, with a peak of 0.25 USD and a low of 0.17 USD. The current market capitalization is approximately 761,000 USD, an increase of 124,000 USD compared to yesterday.

Polyhedra Network is a blockchain project focused on building artificial intelligence infrastructure. Its core product, EXPchain, aims to provide verifiability, data security, and performance for AI applications. ZKJ is the native token of Polyhedra Network, used for paying gas fees, providing liquidity, and community governance. The project brings together multiple research achievements in zero-knowledge proof technologies, such as MissileProof, Virgo, Orion, etc., dedicated to enhancing the performance and privacy protection capabilities of blockchain.

Important news about ZKJ recently:

1️⃣ Liquidity attack causes significant fluctuations in ZKJ price On June 17, Polyhedra Network suffered a liquidity attack, causing the price of the ZKJ token to plummet by about 80% in a short period. The project team stated that this sharp price drop was due to malicious actors manipulating the liquidity pool, rather than issues with the project itself.

2️⃣ Polyhedra commits to token buyback In response to the impact of liquidity attacks, Polyhedra Network has announced the implementation of a token buyback plan. This initiative aims to stabilize the price of ZKJ, restore market confidence, and provide support for long-term holders. Specific details of the buyback have not yet been announced, but the market has reacted positively.

3️⃣ Community skepticism and trust rebuilding The liquidity attack incident has raised concerns among some investors about the project's security, and there have even been speculations about a "rug pull." The Polyhedra team is actively communicating with the community to explain the reasons for the attack and propose remedial measures to rebuild investor confidence.

From a technical perspective, the ZKJ price has rebounded after a significant decline, indicating that the market still maintains a certain level of confidence in the long-term prospects of the Polyhedra Network. However, considering the recent liquidity events, investors should closely monitor the subsequent actions of the project team and market reactions.

This message does not constitute investment advice; investors should be aware of market volatility risks.