🚨 #ZKJ Drops >80% in Hours!

ZKJ token from Polyhedra Network plummeted from ~$1.9 to ~$0.32 within a few hours on June 15, 2025—due to a combination of large liquidity withdrawals and token unlocks.

📌 Chronology Summary:

1. Liquidity was withdrawn by several whales on Binance Alpha, triggering a surge in trading volume and margin trading.

2. Planned "Harvesting" by several large addresses—shifting KOGE → ZKJ → selling USDT/BNB—sucking the ZKJ/KOGE pool.

3. 15.53 million ZKJ token unlock from the distribution line added selling pressure ≈ H+0, exacerbating the crash.

📉 Impact:

Extreme volatility: −60% within minutes, eventually >−80%/−83% in 1 hour.

Market cap drastically decreased: erasing hundreds of millions to billions of USD.

💡 Lessons & Analysis

Liquidity is critically important—tokens on Binance Alpha can be very vulnerable if LP is suddenly withdrawn.

Token unlock = risk trigger—15.5 million new tokens create significant selling pressure.

The scale of "farming" is large: tens of millions of dollars were shifted through structured "liquidity harvesting" processes.

🧭 For You Trading or Investing

1. Monitor unlock schedules at token.unlocks.app.

2. Pay attention to funding rates & LP volume, as they may indicate whale activity.

3. Prepare exit strategies when new tokens list with high hype & sudden large volume.

4. Observe whale movements on-chain (several main addresses) via Lookonchain/Arkham.