According to @ai_9684xtpa's analysis, the most important reason for smashing KOGE first and then ZKJ may be that ZKJ has contracts, allowing them to short on exchanges and simultaneously dump on-chain; secondly, from a liquidity perspective, ZKJ's liquidity may be better, requiring relatively more funds to dump;

Both ZKJ and KOGE have extremely narrow LP ranges, and after a large amount of selling breaches this range without enough funds to absorb the sell orders, an inevitable flash crash will occur. Additionally, LPs witnessing the price drop may panic and flee, creating a vicious cycle that further drives the price down; it is speculated that the continuous decline in Alpha's trading volume over several days may be a trigger, with the massive exit of LPs also being a 'run fast' game.