ZKJ Bloodbath 80%: Liquidity Black Hole Triggers Earthquake in the Crypto World, Is the Unlocking Wave a Bottom-Fishing Opportunity or a Panic Exit?
On June 16, ZKJ staged a 'death spiral' in the crypto world: the price plummeted from $1.946 to $0.3767, a single-day drop of over 80%, with a market cap of $1.7 billion evaporating.
This crash exposed a fatal flaw in the crypto world—Binance Alpha's liquidity pool was precisely drained of $23 million by a mysterious address, combined with a countdown for the unlocking of 120 million tokens, directly triggering a 'withdrawal-crash-withdrawal' death loop.
On-chain data shows that the project’s bot inflated 83% of the false trading depth, with a real circulation rate of less than 39%. The current price is nearing the stop-loss line for early investors, while the project’s treasury still holds 15% of the tokens in a 'dammed lake'.
More dangerously, the myth of Binance Alpha's 'emerging project incubator' has shattered, causing a trust collapse across the entire 'Web3 points economy' sector.
The critical 72-hour countdown:
If the unlocked tokens are sold off in a concentrated manner, $0.25 may become the next stop;
If the project team collaborates to stabilize the market, a rebound could reach $0.6-$0.8.
However, historical patterns show that such events average a rebound of only 23% of the drop.
Beware! RSI overselling may be a continuation of the decline; real opportunities may lie in the new narrative of 'Liquidity Governance 2.0'.
If you have been chasing prices and often get trapped without the latest news in the crypto world and no direction, don’t hesitate to follow me, whether in a slow bull phase or sector rotation, you will not miss out.
