The verbal battle between ZKJ and KOGE's old man reminds me of the story of Tron and Martians back in the day.

For me, it’s a story I saw in Sun’s not-so-positive but very topical profile of Coconut Chicken. The events took place in 2017 when Sun Yuchen reached a cross-holding agreement with Xu Zijing, exchanging 333 million Tron for 140,000 HCASH, and then selling HCASH on the market.

The act of forming an LP pool may have initially been spontaneous from retail investors, but the holding situation of KOGE - ZKJ should logically be from so-called 'big players.' Two unrelated coins became correlated in this context, and one side provided exit liquidity to the other, which had no active buying or contract holdings.

After all, ZKJ is a VC project wanting to maintain a basic level of dignity, but who is the other side? The blades they wield are thicker than the assets of ordinary people 🤣 After the related large holders of Panda King were exposed for their long positions, they certainly faced some losses, so they followed the trend to dump, leading to the current market volatility; otherwise, given their control rate, it wouldn’t have dropped to 0.3. As for who caused the losses, Panda King’s joint venture has already begun to publicly tear each other apart.

Originally, I didn’t want to say anything and have no positions; the financial market cannot have a purely benevolent side giving away money, but this matter is indeed just too disgusting because of the other party's true colors.