$BNB According to information from ChainCatcher, chain analyst @ai_9684xtpa analyzed that the collapse of ZKJ and KOGE tonight could be a pre-planned harvesting operation. Three main addresses have applied double pressure through "large liquidity withdrawals + continuous selling" causing ZKJ and KOGE to collapse respectively:

1. Address 0x1A2...27599

At 20:28:21 and 20:33:15, withdrew liquidity from both sides of 61130 KOGE (approximately $3.76 million) and 273017 ZKJ (approximately $532,000)

From 20:28:58 to 20:36:57 converted 45470 KOGE to ZKJ, worth $3.796 million, during this time the trading volume of KOGE on-chain grew significantly

From 20:30:57 to 20:59:49 sold off 1.573 million ZKJ tokens for USDT and BNB, worth $3.052 million, average selling price $1.94

At this point, both KOGE and ZKJ had slight stepwise declines, but had not completely collapsed

2. Address 0x078...8bdE7

At 20:30:33 withdrew liquidity from both sides of 33651 KOGE (approximately $2.07 million) and 709203 ZKJ (approximately $1.38 million)

From 20:31:10 to 20:58:18 converted 36814 KOGE to ZKJ, worth $2.26 million

From 20:35:15 to 20:37:34 sold 1 million ZKJ tokens, worth $1.948 million, average selling price $1.948

The "wave selling" activity of this address ultimately pushed KOGE's price down quickly

3. Address 0x6aD...e2EBb

At 20:41:55 received 772759 ZKJ tokens from address 0x078...8bdE7 (the previous selling address), worth $1.5 million

From 20:42:28 to 20:50:16 liquidated 772,000 ZKJ tokens

The main function of the third address is coordination, after the price of KOGE collapsed, it continued to accelerate the collapse of ZKJ, completing the harvesting from liquidity providers and token holders.