ChainCatcher message, KOGE project party 48ClubIan stated in Binance Square:
"The sharp decline is not due to 48Club's treasury dumping, and the drastic fall of KOGE is certainly not caused by my own dumping of KOGE.
48Club has no business dealings with the ZKJ project party, nor any similar plans.
48Club's treasury has never held (nor does it currently hold) ZKJ.
I personally have never held (nor do I currently hold) ZKJ.
Binance Research and Binance Web3 have both had colleagues consult me about the price drop incident, and I have provided the above explanations.
48Club has never offered a "low-fee pool that restricts large amounts from entering"; in fact, it is technically impossible to achieve this by providing IPs.
Some opinions:
The details of the events directly leading to the price drop can be found in @ai_9684xtpa's analysis. Alpha assets flushing can be considered trading volume distribution, which is a clear regulatory loophole. I have expressed my views multiple times on Binance Square and Twitter, warning about the risks.
Some plans:
48Club will hold the second KOGE trading tournament starting from June 16, lasting for one week.
Some heartfelt words:
Please correctly distinguish between "being able to see the conspiracy behind the matters" and "being a promoter of the conspiracy behind the matters".
If the person warning about risks is always the originator of the risks, then why should we help up an old person you knocked down?
Be a little more optimistic; don't always think everyone is trying to cut you. I have no interest in cutting you; your assets are thinner than the blade I use.