Let's talk about why $ZKJ and $KOGE both plummeted.

The two projects formed the ZKJ / KOGE trading pair and pool together on Pancake 16 days ago. Since the pool accumulated tokens equivalent to 30 million US dollars, many people have been trading back and forth inside it.

But the downside is that both of these are Alpha altcoins, and once the price of one coin crashes, it can easily trigger the sell-off of the other coin.

As a result, if one crashes, the other crashes too, and they both get wiped out.

So why create this pool?

Because for the project team, both sides are their own minted altcoins, and there’s no need to buy BNB or USDT from the market to create the pool.

This kind of operation was very popular during the last DeFi bubble, creating TVL out of thin air, creating pools, and using air coins to inflate their own trading volume.