ZKP spot trading has recently attracted quite a bit of attention. Supported by strong community engagement and solid fundamentals, the price has increased by 5.85% recently, but there are still some technical signals worth noting.

From a fundamental perspective, ZKP has a fairly solid foundation. The project owns 100 million in infrastructure, has a pre-sale fundraising target of 1.7 billion, and a validation node scale of 17 million. This scale indicates that the project's early accumulation is quite good. More interestingly, ZKP is gradually advancing a high-scarcity model, where the second phase will reduce daily supply and burn idle tokens. This structured scarcity design has attracted many analysts, with some even predicting potential returns of 100x to 10,000x.

Community enthusiasm is also quite good. A well-known exchange recently held a ZKP trading challenge, with a total prize pool of 8.7 million ZKP (1.3 million plus 7.4 million). Such activities can indeed boost participation and trading volume. Low concentration data (currently 5.23%) shows that large holders haven't fully dominated the price, meaning retail investors still have room to participate.

But issues must also be acknowledged. The biggest risk is the upcoming token unlock—tomorrow, 26.7 million ZKP will be released, accounting for 2.7% of the current market cap. This unlock could trigger a wave of selling pressure. On the technical side, the MACD has already shown a bearish crossover, and the histogram has turned negative, indicating that the previous upward momentum may be waning. In the short term, these are signals that require cautious handling.