Privacy-focused cryptocurrency Dusk surged more than 40% on Jan. 19, climbing to its highest level since early 2025, as traders shifted capital away from larger privacy coins like Monero and Dash toward smaller altcoins while derivatives data showed open interest reaching a record $47.94 million.
Privacy Coin Rally
Dusk's price has more than quadrupled since the beginning of the year. The token ranked among the top four cryptocurrencies by 24-hour trading volume, trailing only Zcash, Monero and Dash.
Data showed futures open interest across exchanges hit an all-time high on Monday. Open interest on Binance alone reached $20.54 million, levels not seen since February 2023.
Trading volume data indicated the Dusk ecosystem generated $298.43 million in aggregate trading volume on Monday, also a record.
The token was trading at $0.20 at the time of writing.
The project also announced a partnership with Chainlink on Monday to enable cross-chain interoperability for tokenized real-world assets, backed by NPEX, a regulated Dutch stock exchange.
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Selling Pressure
Warning signs have emerged alongside the rally. Arkham data showed exchange inflows exceeded 6 million Dusk daily from Jan. 16-17, the highest level in 30 days.
Increased exchange inflows typically indicate holders are preparing to sell.
The Relative Strength Index on the daily chart reads 91, indicating extremely overbought conditions.
Dusk uses cryptographic technology based on zero-knowledge proofs and zk-SNARKs, which keeps transaction data confidential while still allowing regulators access to information needed for audits.
This distinguishes it from coins offering complete anonymity.
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