Latest updates on cryptocurrency from Binance: Price fluctuations of ZKJ and KOGE
Significant fluctuations in the cryptocurrency market
On June 16, Binance's management announced significant price fluctuations of two Tokens: ZKJ and KOGE. These fluctuations occurred amid major investors withdrawing on-chain liquidity, directly affecting Token distribution and market sentiment. The prices of these two Tokens experienced sharp fluctuations, raising concerns about liquidity and underlying systemic risks.
Main causes of the fluctuations
Preliminary analysis indicates that the main reason is due to large investors withdrawing liquidity and liquidating positions, leading to sudden price drops. This is a common phenomenon in cryptocurrency markets when individual investors or large institutions change their portfolios according to their strategies, causing uncertainty and prolonged volatility.
Binance's new policy to protect the market
To maintain fairness and stability in the cryptocurrency market, Binance has decided to adjust the Alpha point calculation process. Accordingly, starting from 00:00 UTC on June 17, 2025, trading activities of Alpha Tokens will no longer be included in Alpha point statistics. This decision aims to minimize the concentration of large Tokens negatively affecting the market, thereby reducing systemic risks.
Impact of the rule adjustment
The removal of Alpha trading volume from the points system will provide investors with a clearer view of the actual activities of Tokens, minimizing the potential for market manipulation. This is also a step towards building a transparent trading environment and a more sustainable development for the cryptocurrency market, especially during such volatile times.
Predictions about market trends and safety
This policy aims to minimize the risks arising from asset concentration and manipulation. Investors should pay attention to new developments in Binance's regulations while enhancing technical analysis and risk management. The cryptocurrency market continues to require cautious steps to develop safely in the long term.
Source: https://tintucbitcoin.com/binance-dieu-chinh-quy-tac-alpha-points-vi-zkj-koge/
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