🚨 ZKJ Token Crashed Over 80%! What Really Happened? 🧩
In one of the most shocking moves this week, ZKJ/USDT dropped over 83% in just a few hours, wiping out over $2B in market value. What triggered it? On-chain data shows a coordinated withdrawal of 15.5M ZKJ tokens, likely by whale wallets. This sudden liquidity drain on Binance Alpha led to cascading liquidations, a broken KOGE-ZKJ pool, and full-blown panic selling.
Polyhedra Network has acknowledged "abnormal on-chain activity" and is investigating the event. Some users suspect manipulation, while others call it a textbook case of poor liquidity planning.
📉 Is this a rug pull or just bad tokenomics? Either way, it's a harsh reminder: in crypto, liquidity is king, and transparency is everything.