🚨$ZKJ Flash #Crash Explained: $40M in Profits, No “Dog Dealer” Involved

🔹On June 16, ZKJ’s contract open interest (OI) crashed from $200M to $20M (–85%). Analyst @defi_Boo attributes this to #profit taking, not manipulation.

🔹Estimated $40M profit (20% of prior OI). Spot trading was weak (~$3M), ruling out whale-driven dumps. KOGE token, tied to the crash, wasn’t involved in contract trading.