-80%‼️📉 14 Reasons why 🧐 The sharp drop in #ZKJ price has led many to wrongly blame the KOGE team, but the core issue stems from @PolyhedraZK’s own actions.
Here my deep analyse dive and research☺️✨
Key Points:
• @PolyhedraZK blamed the drop on BSC trading anomalies, hinting at KOGE misconduct.
• ZKJ exists on ETH and BSC chains without an official bridge.
• On BSC: 100M ZKJ total, with 40M locked by the team and 20M initially held by Binance (5.5M distributed via airdrops/contests).
• Initial circulation: 6.5M ZKJ (5.5M from Binance, 1M from team).
• Currently <5M ZKJ are circulating on BSC; rest is held by team/Binance.
• After KOGE’s sell-off (20:48 CST), ZKJ remained stable on BSC; price fell later on ETH to $0.376.
• Binance ZKJ contract follows ETH price, creating a gap: OKX spot dropped to $0.25 while Binance Alpha was still at $0.78.
• When OKX rose to $0.42, Binance Alpha hit $1.47, proving BSC wasn’t the primary driver.
• The main sell-off came from ZKJ team offloading ETH-chain tokens, which triggered panic and contract-based drops.
• ETH-chain ZKJ now trades 150% below BSC price.
• Despite high Alpha volume, ZKJ isn’t spot-listed—likely due to Binance concerns.
• ZKJ price fell from >$1.20 to ~$0.20 post-Alpha listing.
• These patterns suggest misconduct by @PolyhedraZK; Binance Alpha liquidity enabled a discreet exit.
• Users farming Alpha points should use many small trades to minimize losses from team manipulation.
Be save, minimize your risk and take care of yourself ✨ Follow and comment your opinion✨ Thank you 🫶🏻
