Why did the ZKJ token drop?
📉 On June 15th, in the afternoon, the ZKJ token began to rapidly lose value and within two hours fell from $1.95 to $0.26, depreciating by 87%.
"The drop was caused by a series of abnormal transactions on the network in a very short period of time in the trading pair ZKJ/KOGE," wrote Polyhedra Network on their page on X.
Other sources indicate that the day before, around $40 million in tokens was distributed from one of the ZKJ wallets, which then ended up on exchanges, hinting at the involvement of team members in the token dump.
