Crypto Market Movers: STRK, ZK, WCT, INJ Surge in Last 6 Hours
STRK (Starknet Token) +17.49%
STRK is the native token of Starknet, a Layer 2 scaling solution for Ethereum focused on zero-knowledge rollups. It plays a crucial role in governance, transaction fee payments, and staking within the Starknet ecosystem.
#STRK has recently experienced a sharp price surge of up to 95%, driven by renewed investor interest linked to Starknet’s expanding ecosystem and strategic token transfers such as Amber Group’s move of STRK tokens to Binance. Additionally, the connection between Starknet and privacy-focused projects like Zcash has bolstered confidence in STRK’s utility and governance potential.
Given the strong fundamentals and growing adoption of Starknet, STRK’s price is likely to continue its upward momentum in the near term. However, traders should watch for potential volatility following such rapid gains. A conservative estimate places STRK’s price rising moderately before any correction occurs.
ZK (ZKsync Token) +12.82%
ZK is the governance and utility token for ZKsync, another prominent Layer 2 scaling solution utilizing zero-knowledge proofs to enhance Ethereum’s scalability and reduce fees. The token recently saw a remarkable weekly gain of 136%.
#ZK’s surge is attributed to upcoming token unlocks and community-driven initiatives like the vote to implement a permissionless burn function, which can reduce circulating supply and potentially increase value. Moreover, ZKsync’s strong technical performance has made it the top weekly performer among Layer 1 and Layer 2 tokens despite broader market declines.
With these developments, ZK is poised for further gains as investor enthusiasm grows ahead of protocol upgrades. However, the upcoming token unlock event could introduce short-term selling pressure. Overall, ZK’s trajectory looks bullish but with caution advised around key unlock dates.
WCT (WalletConnect Token) +6.99%
WCT is the native governance and utility token of WalletConnect, a decentralized infrastructure protocol that connects crypto wallets with dApps seamlessly across multiple blockchains. It recently hit a new all-time high after surging nearly 18% in 24 hours.
#WCT’s rally is fueled by strong technical momentum and significant exchange listings including an airdrop on Solana, which expanded its user base. The token has impressively surged over 580% since its listing, reflecting growing adoption of WalletConnect’s cross-wallet connectivity solutions.
Given WalletConnect’s critical role in decentralized finance infrastructure and ongoing network growth, WCT is expected to maintain positive momentum. However, as with many rapidly rising tokens, some profit-taking could occur before further advances. The medium-term outlook remains optimistic.
INJ (Injective Protocol Token) +3.95%
INJ is the native token of Injective Protocol, a decentralized derivatives exchange platform emphasizing cross-chain trading and DeFi innovation. The token gained 12% intraday recently amid broader market liquidations totaling $327 million.
#INJ’s price boost follows new DeFi repurchase strategies aimed at reducing supply through weekly burn auctions funded by exchange fees. This mechanism supports price appreciation while incentivizing platform usage and developer engagement within Injective’s ecosystem.
The combination of active token burns and increasing platform activity suggests INJ has solid upside potential in the near term. Nevertheless, given recent market volatility, cautious optimism is warranted as INJ may face short-term fluctuations despite its fundamental strengths.
