Polyhedra Network (ZKJ) – Turbulent Crash and Recovery Efforts

On June 15, the ZKJ token suffered a catastrophic crash, plunging more than 80%—from nearly $2 to $0.32—within hours, erasing an estimated $500 million in market value. The culprit? A coordinated liquidity attack that drained the PancakeSwap ZKJ/KOGE pool, followed by mass sell-offs that overwhelmed the ZKJ/USDT pool and triggered cascading liquidations.CoinDeskFX LeadersCointelegraphCoinCentralcrypto.newsCrypto Briefing

Notably, Wintermute, a major market-making firm, deposited over 3.39 million ZKJ into centralized exchanges around the same time—further fueling the crash.Cointelegraphcrypto.news

In response:

Polyhedra’s co-founder, Tiancheng Xie, confirmed that the project will initiate buyback programs, inject $30 million in liquidity, and launch technical investigations to prevent future attacks.CoinDeskCryptopolitanThe Block

Analysts note the token’s 118% recovery was swiftly erased, and traders remain cautiously optimistic—indicating that stability hinges on successfully breaching the $1.00 resistance and holding above $0.697 support.BeInCryptoBlockchair

DOLOUSDT.P – Perpetual Contract Developments & De-listings

Binance added the DOLOUSDT perpetual contract to its platform on May 1, offering up to 50× leverage in its USDⓈ-margined futures market.CoindooGate.com

Bybit listed the same contract in its Innovation Zone on July 28, with a maximum of 12.5× leverage, albeit at higher trading fees and experimental conditions.Bybit Announcementsnewsaffinity.com

However, Flipster decided to delist the DOLO perpetual swap (DOLOUSDT.PERP) effective June 27, 2025, automatically liquidating open positions at the time.support.flipster.io