The collapse of #Polyhedra occurred due to.
Before the crash #ZKJ many wallets began withdrawing liquidity from the ZKJ and KOGE pools, exchanging KOGE for ZKJ and selling ZKJ.
Only six wallets sold 5.23 million ZKJ for $9.66 million.
Due to the decrease in liquidity and aggressive selling, a wave of long liquidations followed for the ZKJ token.
In the first 4 hours, $100 million was liquidated, which accounted for 81.3% of all liquidations in the crypto market at that time.
