Analyst: Tonight's ZKJ and KOGE Flash Crash May Be a Preplanned Harvesting Operation
【Analyst: Tonight's ZKJ and KOGE Flash Crash May Be a Preplanned Harvesting Operation】Golden Finance reports that according to on-chain data analyst Ai Yi (@ai_9684xtpa), tonight's flash crash of ZKJ and KOGE may be a premeditated harvesting operation. Three main addresses are targeting the massive trading volume and liquidity of the two tokens in the context of Binance Alpha. Tonight, through the dual pressure of "large liquidity withdrawals + continuous selling," ZKJ and KOGE collapsed in succession, with no exceptions. 1. Address 0x1A2...2759920: At 20:21 and 20:33:15, withdrew bilateral liquidity of 61130 KOGE (approximately 3.76 million USD) and 273017 ZKJ (approximately 532,000 USD). During the period from 20:28:58 to 20:36:57, exchanged 45470 KOGE for ZKJ, worth 3.796 million USD. During this period, the on-chain trading volume of KOGE saw a significant increase. From 20:30:57 to 20:59:49, sold 1.573 million ZKJ for USDT and BNB, worth 3.052 million USD, with an average selling price of 1.94 USD. At this time, both KOGE and ZKJ experienced a slight stepwise decline, but did not plummet. 2. Address 0x078...8bdE720: At 20:30:33, withdrew bilateral liquidity of 33651 KOGE (approximately 2.07 million USD) and 709203 ZKJ (approximately 1.38 million USD). During the period from 20:31:10 to 20:58:18, exchanged 36814 KOGE for ZKJ, worth 2.26 million USD. From 20:35:15 to 20:37:34, sold 1 million ZKJ, worth 1.948 million USD, with an average selling price of 1.948 USD. The address's "relay-style dumping" finally pushed KOGE's price to drop rapidly, resulting in the continuous large bearish candlesticks seen in the K line. 3. Address 0x6aD...e2EBb20: At 20:41:55, received 772759 ZKJ transferred from address 0x078...8bdE7 (the previous dumping address), worth 1.5 million USD. During the period from 20:42:28 to 20:50:16, cleared 772,000 ZKJ. The third address mainly played a coordinating role, further catalyzing the decline of ZKJ after KOGE's price crash, completing the harvesting of the two tokens' LP and holders.