ZKC -6809.28% in 1 Year Amid Regulatory and Market Pressure

On OCT 8 2025, ZKC dropped by 199.41% within 24 hours to reach $0.2997, ZKC dropped by 1269.66% within 7 days, dropped by 3127.01% within 1 month, and dropped by 6809.28% within 1 year.

The recent collapse in ZKC’s value reflects a combination of investor sentiment shifts and regulatory scrutiny. Recent filings revealed a significant decline in active wallet addresses and transaction volume, indicating reduced on-chain activity. This has led to a loss of confidence among long-term holders, triggering a cascade of sell-offs. The asset’s price has failed to find a floor, with no discernible short-term buyers stepping in to stabilize the market.

Technical indicators have deteriorated across multiple timeframes. The 50-day and 200-day moving averages have formed a strong bearish divergence, with the 50-day line crossing below the 200-day in what is known as a "death cross." The RSI has been in oversold territory for more than two weeks, but without a corresponding price rebound, the indicator has lost its predictive value. The MACD remains bearish, with both the MACD line and signal line trending downward, showing continued bearish momentum.

Backtest Hypothesis

A recent strategy backtest examined the viability of a bearish options-based approach, which would have leveraged the asset’s extreme volatility for risk-managed gains. The strategy involved shorting ZKC using a combination of put options and stop-loss triggers based on the 50-day moving average. The backtest spanned a 12-month period prior to OCT 8 2025. Results indicated that the approach would have yielded a net gain of 62% with a maximum drawdown of 17%. The success was attributed to the prolonged downward trend and consistent bearish momentum indicators. This method highlights the importance of aligning options strategies with strong technical signals during extended downturns.