Zero Knowledge Proof Enters Stage 2 With a 190M Daily Supply Cap as HYPE Trades Below $25 Amid Shifting Market Conviction
Discover how HYPE slips below $25 as Zero Knowledge Proof enters into its next stage with a tighter 190M daily supply cap shaping investor participation.
The broader crypto market has maintained a steady and optimistic tone over the past day, with Bitcoin hovering near $98,000 and several leading tokens registering modest advances. While the overall backdrop remains favorable, individual asset performance has diverged as investors weigh new catalysts and sector dynamics.
HYPE, the native token of the Hyperliquid decentralized exchange, has lost some momentum, slipping below the $25 threshold after a roughly 3% decline in the last 24 hours. The move contrasts with broader market stability and highlights short-term hesitation among traders.
At the same time, Zero Knowledge Proof is approaching a critical transition in its distribution. The closure of Stage 1 marks the end of the most extended participation window in its on-chain presale. Stage 2 implements a strict 190 million ZKP daily cap, restructuring participation through measurable, on-chain rules that govern how supply is allocated.
HYPE Retreats as Holders Double Down
HYPE’s latest dip underscores a split between short-term sentiment and long-term conviction. The token, now trading near $24.95 after a 3% decline in the past 24 hours, reflects hesitation among traders even as deeper commitment builds beneath the surface. Staking balances have expanded by nearly 6%, reaching $1.37 billion, as more supply finds its way into locked smart contracts.
The rise in staking activity signals confidence from holders who are anchoring their capital beyond immediate price movement. Yet despite this show of faith, price support remains fragile and has not caught up with the conviction reflected on-chain.
Diverging Signals Across DeFi and Derivatives
While staking data strengthens the long-term narrative, other metrics reveal that the market’s conviction is uneven. Total value locked in DeFi has cooled to $1.3 billion from its $2.79 billion September high, while futures open interest slipped to $1.3 billion after hitting $1.41 billion a week ago. These softening indicators suggest a retreat from retail traders despite generally favorable market conditions.
Taken together, the data points to sustained engagement from core users but diminished speculative appetite. That lack of short-term momentum continues to limit HYPE’s ability to stage a solid recovery, even as its long-term fundamentals grow stronger.
Understanding Zero Knowledge Proof’s Approach
Zero Knowledge Proof introduces a public presale system where supply release and allocation operate under enforceable on-chain protocols. Each round evolves with shifting availability but consistent transparency, offering an open blueprint for distribution governed entirely by code.
The architecture exemplifies the crypto industry’s move toward systems that replace discretionary decisions with algorithmic precision and verifiable outcomes.
ZKP Stage 2 Goes Live: The Impact of the 190M Daily Cap
The Zero Knowledge Proof presale stands at a major turning point as Stage 1 has ended. This initial stage featured higher daily issuance and more flexible allocation mechanics, executed entirely on-chain through proportional distribution based on verified participation.
As stage 2 begins, the presale framework adopts a strict daily ceiling of 190 million ZKP, introducing scarcity where prior availability was more fluid. This fixed cap intensifies competition, enforces supply discipline at the protocol level, and cuts ambiguity surrounding daily token release. Market participation now depends entirely on transparent, measurable rules rather than timing or private allocation privileges.
This evolution underscores a wider industry maturity. Investor focus is shifting from short-term volatility to mechanisms that define how supply is structured and controlled. ZKP’s progression from its initial open phase to one of capped issuance signals a deliberate tightening of access, rewarding consistent participation and trust in auditable systems at the heart of crypto’s evolving design.
Quick Recap
HYPE’s dip below $25 highlights the difficulty of translating encouraging on-chain metrics into immediate price resilience. While staking continues to expand and derivatives activity reflects engaged long-term participants, retail enthusiasm remains muted. The resulting imbalance between conviction and liquidity has kept momentum uneven despite broader market stability.
Zero Knowledge Proof now moves into a more disciplined stage of its evolution. With stage 2 releasing 190 million ZKP tokens daily, its presale framework becomes a clear test of transparency and structure. This shift reinforces how thoughtful design increasingly outweighs speculative hype in shaping early crypto ecosystems.
Explore Zero Knowledge Proof:
Website: https://zkp.com/
Buy: buy.zkp.com/
Telegram: https://t.me/ZKPofficial
FAQs
1. Why is HYPE falling despite higher staking levels?
Staking reflects long-term commitment, but short-term selling pressure and softer derivatives demand are still influencing price.
2. What does Phase I closing mean for ZKP?
It marks the end of the initial presale phase and the transition to a stricter daily supply framework.
3. Why is the 190M cap important?
It reduces daily availability, increasing competition for allocation and enforcing supply discipline.
