According to analysis from KOL ai_9684xtpa, the flash crash of ZKJ and KOGE on the evening of June 15 could be a scenario of "organized sell-off" planned in advance. Three main addresses coordinated to execute "liquidity withdrawal + mass selling", causing these two tokens to collapse:

1. Address 0x1A2...27599 (The initiator)

20:28 - 20:33: Withdraw 61,130 KOGE (~3.76 million USD) and 273,017 ZKJ (~532,000 USD) from the liquidity pool.

20:28 - 20:36: Swap 45,470 KOGE (~3.796 million USD) for ZKJ, creating artificial buying pressure on KOGE.

20:30 - 20:59: Gradually sell 1.573 million ZKJ for USDT & BNB (~3.052 million USD), average price $1.94.

➡️ Result: KOGE & ZKJ decreased slightly but did not crash.

2. Address 0x078...8bdE7 (The price pusher)

20:30: Withdraw 33,651 KOGE (~2.07 million USD) and 709,203 ZKJ (~1.38 million USD) from the pool.

20:31 - 20:58: Swap 36,814 KOGE (~2.26 million USD) for ZKJ.

20:35 - 20:37: Sell 1 million ZKJ (~1.948 million USD), average price $1.948.

➡️ Result: KOGE started to drop sharply, ZKJ faced pressure.

3. Address 0x6aD...e2EBb (The one completing the sale)

20:41: Received 772,759 ZKJ (~1.5 million USD) from address 0x078...8bdE7.

20:42 - 20:50: Sell all 772,759 ZKJ, pushing ZKJ into the crash zone.

➡️ Result: ZKJ dropped sharply along with KOGE, completing the "organized run".

Overall assessment

Liquidity withdrawal strategy (LP Removal):

These addresses withdrew liquidity before selling, causing the market to lose liquidity, making it easy to manipulate.

Staged dumping:

Not selling all at once but breaking orders into smaller parts to avoid early detection.

Creating fake FOMO (Fake Swap Volume):

Using a portion of KOGE to buy ZKJ to create the illusion of buyers, then selling out with larger volumes.

Retail investors buying at the peak.

LP providers are the main victims.