$zkj
The ZKJ currency has suffered a sharp decline in prices over the past 24 hours, dropping from 1.9439 to a low of 0.2555, before beginning to recover to reach 0.3368 in the last hour of trading.
Reasons for the decline
. Liquidity withdrawals: According to Binance data, large investors withdrew liquidity from multiple platforms and on-chain systems.
. Successive liquidations: The initial decline led to a series of forced liquidations that exacerbated the drop.
. Unusual transactions: The Polyhedra team officially indicated that the decline resulted from "unusual on-chain transactions" in the ZKJ/KOGE trading pair.
Recent developments
. The currency began to recover with an increase of over 50% in the last hour.
. The Polyhedra team confirmed that the project's technical fundamentals have not been affected and that development is ongoing as planned.
. Binance announced that trading volume among Alpha tokens (including ZKJ) will not be counted towards Alpha points starting June 17.