Deep Tide TechFlow news, on June 15, according to on-chain data analyst Ai Yi (@ai_9684xtpa), it was analyzed that tonight's flash crash of ZKJ and KOGE may be a premeditated harvesting operation, with three main addresses targeting the massive trading volume and liquidity of the two tokens under Binance Alpha, causing ZKJ and KOGE to crash sequentially tonight under the dual pressure of 'large liquidity withdrawals + continuous selling', with no one spared.
1. Address 0x1A2...2759920: 28:21 and 20:33:15 withdrew bilateral liquidity of 61,130 KOGE (approximately $3.76 million) and 273,017 ZKJ (approximately $532,000) in two transactions.
During 20:28:58 - 20:36:57, 45,470 KOGE were swapped for ZKJ, worth $3.796 million, during which KOGE's on-chain transaction volume showed significant growth.
During 20:30:57 - 20:59:49, 1,573,000 ZKJ were sold in batches for USDT and BNB, worth $3.052 million, with an average selling price of $1.94.
At this time, both KOGE and ZKJ showed slight stepped declines, but did not crash.
2. Address 0x078...8bdE720:30:33 withdrew bilateral liquidity of 33,651 KOGE (approximately $2.07 million) and 709,203 ZKJ (approximately $1.38 million).
During 20:31:10 - 20:58:18, 36,814 KOGE were swapped for ZKJ, worth $2.26 million.
During 20:35:15 - 20:37:34, 1,000,000 ZKJ were sold, worth $1.948 million, with an average selling price of $1.948.
The 'relay-style dumping' from this address finally pushed the KOGE price to drop rapidly, which is what everyone saw with several consecutive large bearish candlesticks.
3. Address 0x6aD...e2EBb20:41:55 received 772,759 ZKJ transferred from address 0x078...8bdE7 (the previous dumping address), worth $1.5 million.
During 20:42:28 - 20:50:16, 772,000 ZKJ were liquidated.
The main purpose of the third address is to coordinate actions, further catalyzing the decline of ZKJ after the KOGE price crash, completing the harvesting of two tokens' LP and holders.