Markets are moving quickly today as traders watch three assets showing different signals. The SUI price remains near long-term support after falling almost 70% from its yearly peak, while reported network data shows more than 900% growth in total accounts, creating a contrast between weaker price action and higher on-chain usage. The Shiba Inu coin price is also reacting to Fibonacci zones after a difficult week, with the chart showing a small recovery but no confirmed trend shift yet.
While these two assets move within familiar structures, attention has also turned to Zero Knowledge Proof (ZKP), which says it has launched a live token-sale auction and is promoting an accompanying hardware product called “Proof Pods.” The project’s materials describe an auction-style model in which the daily price is set based on demand.
SUI Price Analysis: Support Zone and On-Chain Growth
The SUI price continues to sit near a long-term support level after months of steady decline. The token has already fallen nearly 70% from its yearly peak, and the latest sweep below support is being watched as a possible structural shift. The chart shows SUI returning to a trendline that marked several major turning points in 2023, which is why some traders see this area as important.
A broad descending wedge has also formed, and selling pressure has slowed as SUI enters the lower boundary of the pattern. At the same time, the network recorded more than 900% growth in total accounts over the year, highlighting a gap between price performance and on-chain activity.
Even with these factors, SUI price remains inside its recent range and does not show a clear trend reversal based on this data alone.
Shiba Inu Price Tests Important Fibonacci Levels
The Shiba Inu price is showing a modest rebound after a difficult week. The token moved back toward the $0.0000085 region and is now hovering between key Fibonacci levels. On the weekly chart, the broader trend is still down, and several red candles have kept SHIB below important retracement zones.
Right now, SHIB sits between a recent swing low and the 1.0 Fibonacci level. Traders often watch this zone because the market can either stabilize or continue lower from here. Liquidation data shows long positions took heavier losses recently, which in some cases is followed by slower selling pressure.
Even with this bounce, the Shiba Inu price would need to reclaim higher Fibonacci levels to suggest a broader change in trend. For now, SHIB remains inside its usual structure.
Zero Knowledge Proof’s Live Token-Sale Auction
Zero Knowledge Proof (ZKP) says its token-sale auction is now live. According to the project, the auction cycle resets every 24 hours and releases 200 million tokens per cycle.
The project states that contributions are recorded on-chain and that the final daily price is determined by demand within each cycle. These claims have not been independently verified by this outlet.
Alongside the sale, the project is also marketing hardware units it calls “Proof Pods.” According to the project’s materials, more than $17 million worth of units have been manufactured, with worldwide shipping described as available. The project also claims that, once configured and connected, the devices validate compute tasks and generate zero-knowledge proofs; any earnings or rewards mechanics depend on the system design and the daily auction outcome.
The project also describes participation rules intended to limit concentration, including a stated $50,000 daily limit per wallet and support for contributions in multiple crypto assets. The details and effectiveness of these measures depend on the underlying smart contracts and operational implementation.
More broadly, the project positions the combination of an auction-style token sale and associated hardware as a way to launch with an active participation model. As with any early-stage crypto initiative, users may wish to review the project’s documentation, smart-contract risk, and operational assumptions before making decisions.
The Closing Note
The SUI price is stabilizing near long-term support, and the Shiba Inu price is reacting to key Fibonacci levels. Both assets offer useful signals for chart watchers, but neither shows a definitive shift in trend based on the information discussed above.
Zero Knowledge Proof (ZKP) is drawing attention because it says its token-sale auction is live and because it is promoting Proof Pods alongside the sale. Any outcomes for participants are uncertain and depend on market conditions and the project’s execution.
Project website (for reference): https://zkp.com/
FAQs
Q1: How does the ZKP token-sale auction decide the daily token price?
According to the project’s description, the price is calculated at the end of each 24-hour auction cycle by dividing the day’s total contributions by the 200 million tokens available for that cycle.
Q2: Does the project say participants can join the auction using different cryptocurrencies?
The project states that the auction supports more than twenty assets, including ETH, USDC, USDT, and BNB, and that contributions are recorded on-chain.
Q3: What does the project say prevents large participants from dominating a daily cycle?
The project describes a $50,000 daily limit per wallet as a measure intended to reduce concentration within a single cycle.
Q4: When does the project say participants receive ZKP tokens?
The project claims tokens are claimable after each 24-hour auction window closes. Readers should review the project’s terms, smart-contract details, and any vesting or claim conditions.
Q5: Why has ZKP appeared in market discussions recently?
It has been discussed because the project says its auction is live and because it is marketing related hardware and an on-chain participation model. These are project-reported features and do not indicate future performance.
This article is for informational purposes only and does not constitute financial or investment advice. 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 before participating.
