๐ The ZKJ currency has collapsed by more than 84% in hours!
๐ The Polyhedra Network project aims to enhance integration between Web2 and Web3 through zkBridge technologies, to facilitate operations between blockchains securely and without intermediaries.
โ ๏ธ But today, the currency collapsed due to:
โข Sudden liquidity withdrawal by major whales
โข Sequential liquidations in the market (liquidation cascade)
๐ข Binance intervened and announced:
Starting from June 17, the calculation of trading volume among Alpha currencies within Alpha points will be halted, to limit manipulation and protect the market.
๐จ Be cautious, as centralized liquidity can destroy the most technically advanced projects!
