ZKsync (ZK)

The market is becoming more selective.

I think the easy narrative trade is getting weaker because investors now want proof.

A clean story can still attract attention, But attention alone does not create durable repricing.

The comparison is simple:

On one side, you have tokens where the narrative came first and the usage never caught up.

The market has been brutal to that bucket:

→ $ZK, $STRK, $BLAST, $KAITO, $PLUME, $BERA, $LINEA each is down **~96-99% from ATH.**

→ All had narratives people understood, but the market no longer pays full price for projected adoption.

I don’t think the market rejected these sectors from first bucket completely.

AI attention, RWA, liquidity design, and ZK infra are still valid narratives.

The problem is that narrative without revenue, user retention, real demand, or capital flow becomes hard to defend when liquidity tightens.

When the market is risk-on, people buy future potential.

When the market becomes selective, people find real tractions such as revenue, usage,

CT is so dead that all I see on the timeline this morning are two-figure X creator payouts