While BNB has struggled to break out of a falling wedge and SHIB has highlighted token burns and new node partnerships, recent metrics suggest neither project is seeing a clear pickup in activity. Publicly available on-chain data indicates BNB Chain’s daily transactions have declined since early October, and SHIB’s layer-2 network has shown lower activity compared with earlier periods.
Meanwhile, Zero Knowledge Proof (ZKP) is positioning itself differently, based on details shared by the project. It says it invested $100 million to develop the project before any token sale. It also describes an open whitelist, an auction-based distribution model, and hardware it refers to as “Proof Pods” that it says are already manufactured for delivery after the sale begins.
BNB: Chart Patterns, Shrinking Volume, and the Struggle for Momentum
BNB is widely traded and functions as the native token used across Binance-related products and services, including fee mechanisms and token burns. Recently, market discussion has focused heavily on price action. BNB has fallen from its October high, and technical analysis commentary often points to a “falling wedge” pattern on the daily chart, which some traders interpret as a potential reversal signal. Such patterns are not predictive and do not guarantee outcomes.
Beyond price, some indicators have weakened. Publicly available on-chain data shows BNB Chain’s daily transactions declining from roughly 31 million on October 8 to under 16 million more recently. Derivatives market data has also been lower, with open interest in BNB contracts decreasing over the same period. The long-to-short ratio falling below 1 is commonly interpreted as more positioning toward downside than upside, though these metrics can change quickly.
SHIB: Node Partnerships and Burn Rates Amid Lower Network Activity
SHIB has a large community, but its recent price performance has remained mixed. Over the last month, SHIB has traded lower despite a partnership announcement involving Unity Nodes. The arrangement is described as allowing users to acquire nodes using SHIB and receive project-defined rewards, along with additional items such as SHIB-branded NFTs. Such initiatives can increase utility, but market impact is uncertain.
Network activity has also been lower. Shibarium, the project’s layer-2 network, previously reported much higher daily transactions, but more recent figures cited by on-chain trackers show significantly reduced levels. Lower usage can reflect many factors, including broader market conditions and changing user behavior.
SHIB’s burn activity has increased at times. Project-related reporting has cited more than 824 million tokens burned in one week, described as a sharp rise versus the prior period. While reducing supply is often presented as supportive for price, the relationship is not straightforward and depends on demand and other market variables.
Zero Knowledge Proof (ZKP): Project-Reported Funding, Hardware, and an Auction-Based Token Sale
Zero Knowledge Proof (ZKP) has not launched a token as of the time described in its materials. The project says it has focused on development rather than promotional campaigns, and it characterizes its approach as a build-first model.
According to the project, its team committed $100 million to development prior to any public fundraising. It also states that it did not use private rounds or discounted allocations. These are project claims and have not been independently verified in this article.
The project describes ZKP as infrastructure intended for private, verifiable AI compute. It says its “Proof Pods,” hardware devices designed for secure computation, are already produced, and it cites a value of more than $17 million. The project has also stated that devices would be offered after the token sale begins and that it intends to support global delivery, though timelines may change.
ZKP also outlines a distribution model it calls an ICA (Initial Coin Auction). In its description, 200 million ZKP tokens would be auctioned daily, with a stated $50 minimum and $50,000 maximum per wallet. The project has said a whitelist process applies prior to the token sale.
The Bigger Picture: Utility, Adoption, and Market Narratives
BNB and SHIB show how market narratives can shift as activity and usage fluctuate. BNB’s recent discussion has focused on technical analysis and derivatives positioning, while SHIB has emphasized burns and ecosystem initiatives. Neither category of signals provides certainty about future performance.
By contrast, ZKP’s messaging has emphasized internal development, hardware readiness, and an auction-based distribution structure. Whether those elements translate into sustained adoption remains to be seen, and any token launch introduces material risks for participants.
More broadly, evaluating crypto projects typically involves looking beyond short-term price movements to factors such as product delivery, security, governance, and real-world demand.
For reference, the project’s website is linked below.
Project website (for reference): https://zkp.com/
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. As with any initiative within the crypto ecosystem, readers should do their own research and consider the risks involved. This article is for informational purposes only and does not constitute financial or investment advice.
