Privacy-focused cryptocurrency Dusk experienced a significant surge of over 40% on January 19th, reaching its highest point since early 2025. This rally occurred as traders strategically shifted capital away from larger privacy coins, such as Monero and Dash, towards smaller altcoins. Concurrently, derivatives data revealed that open interest reached a record high of $47.94 million.
Privacy Coin Rally Dynamics
Dusk's price has seen a remarkable increase, more than quadrupling since the beginning of the year. The token distinguished itself by ranking among the top four cryptocurrencies in terms of 24-hour trading volume, following closely behind Zcash, Monero, and Dash.
Analysis of futures markets indicated that open interest across exchanges hit an all-time high on Monday. Specifically, open interest on Binance alone reached $20.54 million, a level not observed since February 2023.
Trading volume data further underscored this trend, showing that the Dusk ecosystem generated an aggregate trading volume of $298.43 million on Monday, which also represented a new record.
At the time of reporting, the token was trading at $0.20.
The project also announced a significant partnership with Chainlink on Monday. This collaboration is aimed at enabling cross-chain interoperability for tokenized real-world assets, with the backing of NPEX, a regulated Dutch stock exchange.
Analysis of Selling Pressure and Technical Indicators
Despite the strong upward momentum, potential warning signs have emerged alongside the rally. Data from Arkham indicated that exchange inflows for Dusk exceeded 6 million tokens daily between January 16th and 17th, marking the highest level observed in the preceding 30 days.
An increase in exchange inflows is generally interpreted as an indicator that holders may be preparing to sell their assets.
Furthermore, the Relative Strength Index (RSI) on the daily chart registered a reading of 91, which suggests that the asset is in extremely overbought conditions.
Dusk utilizes cryptographic technology rooted in zero-knowledge proofs and zk-SNARKs. This technological foundation ensures the confidentiality of transaction data while simultaneously allowing regulators access to necessary information for audit purposes.
This approach differentiates Dusk from other cryptocurrencies that offer complete anonymity in their transactions.