In a shocking move, the team behind PolyhedraZK ($ZKJ) is being accused of orchestrating a massive dump, which crashed the token by over 90% in less than an hour.
According to on-chain data and community alerts, team wallets — allegedly including address 0x558e6bb20238ac582fa555061bd67d0247b5c071 — used multiple wallets to quietly offload their holdings, triggering a liquidation cascade of over $93 million on OKX.
📉 What Happened?
$ZKJ traded near $2.00 before the dump
Price collapsed to $0.34 within an hour (–82.46%)
Volume surged to 34.97M ZKJ, with $15M in USDT turnover
Market sentiment shifted from bullish to panic within minutes
The chart now shows a straight vertical crash, the kind usually seen in rug pulls or panic sell-offs.
🧠 Was It Planned?
The use of multiple wallets to sell simultaneously suggests the event was not random.
Some analysts describe the move as:
“A coordinated liquidation to exit silently, under the radar.”
This adds weight to community speculation that the team may have intentionally exited, betraying early supporters and holders.
🛡️ What Should You Do Now?
If you're still holding $ZKJ:
Reevaluate your position
Monitor wallet activity from known team addresses
Avoid buying into high-volatility dips unless verified info surfaces
Transparency is key — and right now, the community demands answers.
🔚 Final Take
This is a reminder of the risks in early-stage tokens, especially those with centralized control or anonymous teams.
Even projects with strong narratives can collapse overnight when trust is broken.
Protect your funds. Protect your strategy.
Don’t chase hype — chase fundamentals.
💬 What’s your take on the $ZKJ Jcrash?
🔁 Repost if you believe crypto deserves better transparency.
📉 Tag a friend who needs to know this.
