About Zkj, the essence of Koge's plunge #zkj

First: It is the lack of confidence among investors regarding the subsequent points and airdrop, the vast majority have already stopped trading. If the long and short positions lose balance, a crash is inevitable, and today was just the right timing.

Second: Since it's all about trading, meaning quick buying and selling without holding long, once the buying power encounters insufficient liquidity, sellers cannot exit, and buyers are also absent. The only option is to place orders at even lower prices to drive the market down.

Short-term alpha is practically nonexistent now; if even the principal cannot be guaranteed, no one will take the risk to trade such a counterfeit.

It's just that the friends who encountered this today were really unlucky; some may not have even had a chance to claim an airdrop, and if they couldn't sell today, their principal might be reduced by more than half.

Alas, well-intentioned actions can lead to bad outcomes! Headache.