The recent surge in ZKP is actually the result of multiple factors stacking up. The launch of Upbit and Bithumb in Korea has directly brought in liquidity and Asian funds, providing fundamental support. At the same time, a major exchange's trading competition is in full swing, with a reward of 1.25 million ZKP directly stimulating buying interest, leading to a sharp increase in trading volume.

From a hot topic perspective, zero-knowledge proofs (ZK) have become a focal point in the crypto space this year, and the demand for privacy computing is also heating up, which provides a good narrative foundation for ZKP. More importantly, endorsements from well-known institutions like Binance Labs and Sequoia, along with technological advancements and ecosystem collaborations, are all elevating market expectations for project valuation.

Of course, short-term speculative sentiment has also played a significant role, with various funds trying to position themselves in this hot spot, naturally pushing the price higher.