ZK (ZKsync) fluctuated 57.2% in 24 hours: Hacker incident triggers 20% price pullback and selling pressure
Bitget Pulse2026/04/24 08:46Volatility Brief
Over the past 24 hours, ZK has rebounded from a low of $0.01147 to a high of $0.01803, currently quoted at $0.01442, with a price fluctuation of up to 57.2%. The 24-hour trading volume is approximately $14.5-17 million, slightly lower than the previous day, with futures trading volume higher at around $19-23 million.
Brief Analysis of Abnormal Movement Causes
- ZKsync confirmed that the airdrop administrator wallet was compromised, resulting in a loss of $5 million in tokens. The hacker returned the funds after accepting a 10% bounty, which directly triggered a 20% price drop.
- Community monitoring indicated that potential internal distributors sold 23 million tokens. ZachXBT announced a $25,000 bounty to investigate concerns of exchange manipulation, intensifying short-term selling pressure.
Market Views and Outlook
Market sentiment remains cautious, with mainstream community discussions focusing on the aftermath of the hacking incident and a 95% drop in network activity. Some analysts are bullish on a potential "descending wedge" breakout targeting $0.0215-0.045, but warn of execution risks and supply concentration. Short-term adjustments may continue, with attention on exchange investigation results and token buyback mechanisms.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for information reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cerebras (CBRS.US) Cloud Business Soars, Masking Hardware Decline; OpenAI Supports Half of Cloud Revenue
Cerebras achieved record Q3 revenue, but hardware income dropped by nearly 30%, while cloud business accounted for two-thirds of total revenue. OpenAI contributed $72.4 million. The company raised its full-year guidance and expects Q4 to be close to breakeven.
Microsoft (MSFT.US) offers voluntary buyout packages to about 60,000 employees: Structural divergence in U.S. employment under AI transformation
In 2026, the U.S. labor market is characterized by both low layoffs and weak hiring. Companies like Microsoft and American Express are leveraging AI to optimize their workforce, while data centers are driving growth in the construction sector. However, entry-level white-collar jobs face increasing pressure, with real wages experiencing negative growth and structural transformation risks becoming more prominent.
"Inflation is really too high"! Federal Reserve "third-in-command": The Fed must continue to take action and promptly bring the price level back to 2%
John Williams, President of the New York Federal Reserve and the “number three” official at the Federal Reserve with a permanent voting right, stated that U.S. inflation remains high and policymakers must take further action to curb price pressures.
Jensen Huang steps down, and the "biggest patron" of new AI players is gone too
Anthropic's tens-of-billions IPO investment, Figure AI's additional $1 billion, and Nscale's over $5 billion credit guarantee are all in negotiations but their outcomes remain uncertain. Meanwhile, its $500 billion AI financing platform has stalled, and some clients are considering switching to AMD or Google. Successor Kress has a conservative style and has repeatedly vetoed deals aggressively promoted by Jensen Huang, signaling the possible end of Nvidia's era of bold investments.
Crypto prices
More
