Analysis: The Three-Address Collaboration Behind the Flash Crash of ZKJ and KOGE
According to Foresight News, monitored by @ai_9684xtpa, the flash crash of ZKJ and KOGE may have been a long-planned harvesting operation. Three main addresses targeted the astronomical trading volume and liquidity of two tokens in a swap under the backdrop of Binance Alpha, causing ZKJ and KOGE to crash sequentially under the dual pressure of 'large liquidity withdrawals + continuous selling.' The first address starting with 0x1A2 withdrew approximately $3.76 million KOGE and $532,000 ZKJ in bilateral liquidity twice between 20:28 and 20:33, subsequently swapping 45,470 KOGE for ZKJ, valued at $3.796 million, and selling off 1.573 million ZKJ in batches, worth $3.052 million. The second address withdrew about $2.07 million KOGE and $1.38 million ZKJ in bilateral liquidity and sold 1 million ZKJ, valued at $1.948 million. The third address conducted a liquidation operation after receiving 772,000 ZKJ transferred from the second address, further catalyzing the decline of ZKJ and completing the harvesting of two tokens LP and holders.
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