🚨 ZKJ Token plummets more than 60% in Flash Crash Amid Rug-Pull Allegations 💣
On June 15, ZKJ, the native token of Polyhedra Network, suffered a sudden and steep collapse, plunging more than 60% from $1.98 to a record low of $0.7625 in just under two hours.
⚠️ Why the sudden crash?
🌊 Flash crash triggered by liquidity issues: A huge amount of ZKJ was suddenly dumped into the market, triggering panic and a cascading sell-off .
🏃💰Allegations of a rug pull: Some suspect the crash was orchestrated—raising alarm that developers or insiders may have deliberately pulled liquidity before selling .
📉 Market impact
ZKJ hit a record intraday low of $0.7625, wiping out major value in a very short span.
