ZRC Surges Over 19% on Bithumb Listing, Can the Rally Hold?
The native token of Ethereum layer-2 network Zircuit, ZRC, experienced a significant rally of over 19% following its listing on a prominent centralized exchange.
Zircuit (ZRC) saw a surge to $0.079 on Jan. 13, marking a 24.8% increase from its weekly low of $0.063. This rally propelled its market cap to over $160 million at the time of writing. The altcoin’s price surge coincided with a 69% increase in daily trading volume, climbing from $32 million to over $56.8 million.
The sharp increase in ZRC’s price on Monday came after an announcement by Bithumb, a major South Korea-based crypto exchange, stating that the altcoin would be listed on its platform with a KRW trading pair on Jan. 13.
It is worth noting that listings on popular exchanges often lead to significant rallies in associated crypto assets. However, these rallies may experience a reversal as investors tend to sell off their holdings in a “sell the news” scenario.
For instance, Safe Wallet’s SAFE token also surged 20% ahead of its listing on Bithumb on Jan. 10 but has since retraced most of its gains, currently down 15.8% from its intraday high on the announcement day.
ZRC’s listing on Bithumb also propelled it to become a top trending token on CoinGecko.
The recent rally of ZRC has been fueled by increased demand among derivatives traders. Data from CoinGlass shows a 115% surge in open interest for ZRC in the futures market over the past day, reaching $10.98 million—significantly higher than the $981k recorded in January.
Additionally, the growth of ZRC in the DeFi sector has attracted investor interest. According to DeFiLlama, Zircuit’s total value locked has surged to $725 million, surpassing the $256 million recorded at the end of 2024, with a significant portion held in its staking protocol.
However, there is a potential concern for ZRC as more traders are moving their holdings to exchanges, potentially creating selling pressure and risking a reversal of recent gains. Approximately $3.35 million worth of ZRC was sent to centralized exchanges on Jan. 13, compared to $3.28 million withdrawn.
Despite giving up most of its recent gains and falling 12.4% from its intraday high, ZRC remains 24.4% below its all-time high of $0.097 set in November of last year.
Will ZRC Continue Its Rally?

Technical indicators suggest that ZRC may resume its rally soon. On the daily chart, the altcoin’s price has surpassed the middle Bollinger Band at $0.71, indicating a potential shift back to a bullish trend. The Moving Average Convergence Divergence indicator also supports this outlook, with the MACD line pointing upward, potentially crossing above the signal line—a bullish reversal signal in technical analysis.
ZRC could potentially retest the $0.8 psychological resistance level, which it struggled to breach in late December. However, if bearish sentiment prevails, it could push the price down to the $0.064 support level.
As of now, ZRC remains below its all-time high but the technical indicators suggest a possible continuation of its rally in the near future.