#ZKJ

🔍 Causes of the $ZKJ Collapse

1️⃣ Lagre-Scale Liquidity Withdrawal
Analyst @ai_9684xtpa identified three major wallets pulling significant liquidity from Binance Alpha’s KOGE/ZKJ pools, triggering a collapse in both tokens. For instance, wallet 0x1A2… withdrew 273k ZKJ ($532k), wallet 0x078… removed 709k ZKJ ($1.4M), and a third wallet sold 772k ZKJ ($1.5M).

2️⃣ Coordinated “Battleship” Selling
A synchronized strategy unfolded: one wallet drained liquidity, another swapped KOGE for ZKJ and dumped large volumes, while a third wallet intensified the decline by offloading previously acquired ZKJ.

3️⃣ Token Unlock Event
On June 15, approximately 15.5M ZKJ (~5% of circulating supply) were unlocked, flooding the market with new tokens and increasing downward price pressure.

4️⃣ Fragile Liquidity Pools
The ZKJ/KOGE liquidity pools had limited depth. Heavy selling breached these pool boundaries, triggering sharp liquidity pullbacks and amplifying the price drop.

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📉 Impact on the Token
• Sharp Decline: ZKJ fell by up to 60% annually and 80–87% within a single day.
• Market Cap Plunge: Over $360M in capitalization evaporated in one day.
• Mass Liquidations: Approximately $94M in long positions on ZKJ were liquidated.