The collapse of ZKJ and KOGE was actually a three-year conspiracy
Three key addresses, through precise coordination, completed a textbook-level 'liquidity strangulation':
Address A (0x1A2...27599)
Withdrew liquidity at 20:28 in two transactions, pulling out $3.76 million worth of KOGE and $532,000 worth of ZKJ;
After exchanging 45,470 KOGE for ZKJ, sold off 1.57 million ZKJ in batches, cashing out $3.05 million, directly breaking through the narrow fluctuation range.
Address B (0x078...8bdE7)
After smashing the market and withdrawing $2.07 million in KOGE and $1.38 million in ZKJ, sold 1 million ZKJ, causing KOGE to experience a cliff-like drop.
Address C (0x6aD...e2EBb)
Cleared out and received 770,000 ZKJ transferred from Address B, then quickly liquidated, completely undermining market confidence.
Harvesting logic: First, smash the liquidity-weak KOGE to create panic, then achieve a 'double kill' through shorting ZKJ contracts, ultimately triggering a sell-off using the narrow range set by LPs (liquidity providers).