深潮 TechFlow
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Analyst: The continuous decline in Binance Alpha trading volume over the past few days may be the trigger for tonight's KOGE and ZKJ 'dump'.
Deep Tide TechFlow news, on June 15, on-chain data analyst Ai Yi (@ai_9684xtpa) published further analysis on tonight's KOGE and ZKJ flash crash events:
1. Why dump KOGE first and then ZKJ?
The most important reason may be that ZKJ has a contract, and they can short on the exchange, which allows them to dump on-chain simultaneously; secondly, from the perspective of liquidity, ZKJ's liquidity is somewhat better, and dumping requires relatively more funds.
2. Why did they start dumping at 8:30? Why is the performance of the two tokens on the K-line delayed?
ZKJ and KOGE are both known for good liquidity and stable prices, so the LP ranges are very narrow. After a large amount breaks through this range without enough funds to support sell orders, a flash crash is inevitable. Moreover, when LPs see the price drop, panic selling occurs, creating a vicious cycle that further drives the price down; as for those LPs who haven't run away yet? They are all trapped in ZKJ and KOGE.
1. Why dump KOGE first and then ZKJ?
The most important reason may be that ZKJ has a contract, and they can short on the exchange, which allows them to dump on-chain simultaneously; secondly, from the perspective of liquidity, ZKJ's liquidity is somewhat better, and dumping requires relatively more funds.
2. Why did they start dumping at 8:30? Why is the performance of the two tokens on the K-line delayed?
ZKJ and KOGE are both known for good liquidity and stable prices, so the LP ranges are very narrow. After a large amount breaks through this range without enough funds to support sell orders, a flash crash is inevitable. Moreover, when LPs see the price drop, panic selling occurs, creating a vicious cycle that further drives the price down; as for those LPs who haven't run away yet? They are all trapped in ZKJ and KOGE.
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