Deep Dive
1. Fund Misuse Allegations (21 May 2026)
Overview: Prominent investigator ZachXBT published renewed allegations against Gurhan Kiziloz, an alleged co-founder linked to zkPass. The report claims at least $25 million from the ZKP and BlockDAG presales was commingled and used to pay influencers for a separate casino venture, Spartans.com, without disclosure to investors. This follows previous warnings from ZachXBT about the project's leadership and fundraising practices.
What this means: This is bearish for ZKP because it directly attacks the project's operational integrity and trustworthiness. If substantiated, it could lead to regulatory scrutiny, erode community confidence, and create sustained selling pressure as investors reassess the risks.
(Yahoo Finance)
2. Major Exchange Listings (Dec 2025 – Jan 2026)
Overview: Between late December 2025 and early January 2026, ZKP secured listings on several top-tier exchanges. This included a spot market listing on Binance with a Seed Tag on 7 January, a listing on South Korea's largest exchange, Upbit, on 26 December, and perpetual futures on OKX starting 7 January.
What this means: This is bullish for ZKP as it significantly improves token accessibility, liquidity, and price discovery for a global audience. The Binance and Upbit listings, in particular, serve as strong validators of the project's market presence, though the attached Seed Tag indicates recognized higher risk.
(Binance)
3. Post-Listing Analysis & Outlook (8 January 2026)
Overview: Following its Binance listing, ZKP's price surged ~55% to around $0.18. Market analysis pointed to technical support near the 20-day EMA ($0.167) and highlighted Q1 2026 as a pivotal period for activating staking, governance, and rolling out an Institutional Suite MVP for banks and healthcare.
What this means: This presents a neutral-to-bullish narrative for traders, emphasizing short-term momentum driven by exchange listings against long-term value reliance on real-world adoption. The projected utility activation could help counterbalance future token unlock sell pressure if executed successfully.
(Bitget)
Conclusion
zkPass's trajectory is defined by a clash between impressive exchange adoption and damaging allegations about its financial governance. Will the project's promised utility and partnerships be enough to rebuild trust and stabilize its value?