**Details of the $ZKJ and $KOGE price crash of over 60% in just 1 hour**

From 7 PM to 8 PM last night, the prices of the two tokens ZKJ and KOGE on Binance Alpha - which typically have large daily trading volumes of $1.55B and $347M respectively - suddenly plummeted.

In less than an hour, ZKJ fell from over $1.9 to only $0.78 (-60.56%), while KOGE crashed from $60 to $23.61 (-60.75%).

📌 Responses from Binance and related projects:

- Binance stated that the main reason was due to "whales" withdrawing on-chain liquidity along with a series of cascading liquidations.

- The ZKJ team (Polyhedra) confirmed that there were unusual transactions on-chain in a short period in the ZKJ/KOGE pair, and they are currently investigating.

- KOGE (48 Club) stated that there was no token lock from day one and they have never promised not to sell the fund tokens – which has caused further confusion in the community.

📌 Community findings

According to analysis from ai_9684xtpa, this may be a long-planned scenario, involving at least 3 large wallet addresses:

- Wallet 0x1A2...27599: withdrew 3.76M KOGE + 532K ZKJ, then swapped tens of thousands of KOGE for ZKJ and dumped over 1.57 million ZKJ onto the market (~$3.05M).

- Wallet 0x078...8bdE7: withdrew 2.07M KOGE + 1.38M ZKJ, swapped further and sold out 1M ZKJ within 2 minutes.

- Wallet 0x6aD...e2EBb: received nearly 773K ZKJ and dumped all of it immediately afterwards.

This sequence of actions pushed both tokens into a state of cascading collapse, with a clear pattern of organized manipulation.

Currently, Binance announced that from 7 AM on June 17, 2025 (Vietnam time), it will not count the trading volume between Alpha token pairs (e.g., ZKJ/KOGE) towards Alpha Points to minimize systemic risk for users.