Why have the previously stable $ZKJ and $KOGE both dropped 3% in a short time?

Address 0x364...f18e9 may be one of the main driving forces — at 21:49, this address withdrew 1.29 million ZKJ and 8,667 KOGE from #OKX's bilateral liquidity, followed by selling.

🔸 Cumulatively sold $3.1 million worth of ZKJ at 21:21 and 22:05.

🔹 Sold $550,000 worth of KOGE at 21:20.

It can be seen that ZKJ's trading volume surged at 21:21 ($12.73 million), followed by a continuous decline over the next 15 minutes, possibly due to LP's panic exit or sell-off. After all, ZKJ's LP range is usually very small and is easily affected by price fluctuations, a similar situation happened again at 22:05; KOGE was also affected due to its obvious linkage with ZKJ, despite the small sell-off amount.

Summary in three points:

1️⃣ "Looking stable ≠ stablecoin," the score created by price fluctuations and LP losses is to be expected.

2️⃣ Don't blame Binance for losses when Alpha appears; avoid making large single-score amounts.

3️⃣ LP is more suitable for users with a DeFi foundation; blind rushing is likely to backfire.

Finally, due to the large number of transactions of ZKJ and KOGE, there may be omissions in data scraping. If you find more significant driving addresses, feel free to share and discuss in the comments!