According to on-chain analyst @ai_9684xtpa, tonight's flash crash of ZKJ and KOGE may be a long-planned harvesting operation. The three main addresses caused the sequential collapse of ZKJ and KOGE through 'large liquidity withdrawals + continuous selling' dual pressure tonight:
1. Address 0x1A2...27599
20:28:21 and 20:33:15 Withdrew bilateral liquidity in two batches, 61130 KOGE (about 3.76 million US dollars) and 273017 ZKJ (about 532 thousand US dollars)
20:28:58 - 20:36:57 During this period, converted 45470 KOGE to ZKJ, worth 3.796 million US dollars; during this time, the on-chain transaction volume of KOGE showed a significant increase
20:30:57 - 20:59:49 During this period, sold in batches 1.573 million ZKJ for USDT and BNB, worth 3.052 million US dollars, average selling price $1.94
At this time, both KOGE and ZKJ experienced slight stepwise declines but did not crash
2. Address 0x078...8bdE7
20:30:33 Withdrew bilateral liquidity of 33651 KOGE (about 2.07 million US dollars) and 709203 ZKJ (about 1.38 million US dollars)
20:31:10 - 20:58:18 Period will convert 36814 KOGE to ZKJ, worth 2.26 million US dollars
20:35:15 - 20:37:34 During this period, sold 1 million ZKJ, worth 1.948 million US dollars, average selling price $1.948
The 'relay-style dumping' from this address finally pushed the KOGE price to drop rapidly
3. Address 0x6aD...e2EBb
20:41:55 Received 772759 ZKJ transferred from address 0x078...8bdE7 (the previous dumping address), worth 1.5 million US dollars
20:42:28 - 20:50:16 During this period, cleared 772000 ZKJ
The third address mainly serves to coordinate actions, further catalyzing the decline of ZKJ after the collapse of KOGE's price, completing the harvesting of both tokens and holders.
Finally: The three addresses mentioned here are the main driving addresses; in fact, more coordination addresses worth hundreds of thousands of dollars have been found, which will not be detailed here; the methods of dumping are similar.
