The cryptocurrency market can be unpredictable and volatile, with prices fluctuating rapidly over short periods of time. Recently, ZK (ZKsync) was no exception, experiencing a significant price swing over the past 24 hours.
According to on-chain monitoring data, the price of ZK rebounded from a low of $0.01147 to a high of $0.01699 before stabilizing at $0.01349. This represents a fluctuation amplitude of 48.1%, highlighting the extreme volatility of the market.
The trading volume for ZK remained relatively normal, with approximately $14.1 million in transactions over the past day. However, the low liquidity in the market contributed to the price instability, making it susceptible to rapid changes due to small orders.