The flash crash of $ZKJ and $KOGE tonight may be a long-planned harvesting operation 🔪.
The three main addresses targeted the massive trading volume and liquidity of the two tokens under the Binance Alpha background. Tonight, through the dual pressure of 'large liquidity withdrawal + continuous selling,' ZKJ and KOGE respectively collapsed, with none spared.
Below is a detailed breakdown of the event and partial restoration 👇
1️⃣ Address 0x1A2...27599
Withdrawn in two parts at 20:28:21 and 20:33:15, 61,130 KOGE (approximately 3.76 million USD) and 273,017 ZKJ (approximately 532,000 USD) of bilateral liquidity.
From 20:28:58 to 20:36:57, 45,470 KOGE was exchanged for ZKJ, worth 3.796 million USD, during which KOGE's on-chain transaction volume showed a significant increase.
From 20:30:57 to 20:59:49, sold in batches 1.573 million ZKJ for USDT and BNB, worth 3.052 million USD, with an average selling price of $1.94.
At this time, both KOGE and ZKJ experienced a slight step-wise decline, but there was no crash.
Wallet address intel.arkm.com/explorer/addre…
2️⃣ Address 0x078...8bdE7
At 20:30:33, withdrew 33,651 KOGE (approximately 2.07 million USD) and 709,203 ZKJ (approximately 1.38 million USD) of bilateral liquidity.
From 20:31:10 to 20:58:18, 36,814 KOGE was exchanged for ZKJ, worth 2.26 million USD.
From 20:35:15 to 20:37:34, 1 million ZKJ was sold, worth 1.948 million USD, with an average selling price of $1.948.
The 'relay-style dump' at this address finally pushed the KOGE price to experience a rapid decline, which is the several consecutive large bearish candlesticks we see.
intel.arkm.com/explorer/addre…
3️⃣ Address 0x6aD...e2EBb
At 20:41:55, received 772,759 ZKJ transferred from address 0x078...8bdE7 (the previous dumping address), worth 1.5 million USD.
From 20:42:28 to 20:50:16, cleared 772,000 ZKJ.
The main role of the third address is to cooperate, further catalyzing the decline of ZKJ after the KOGE price crash, completing the harvesting of two tokens' liquidity providers and holders.
In conclusion: the three addresses mentioned here are the main driving addresses. In fact, Ai found many more 'cooperating addresses' worth hundreds of thousands of dollars, which will not be elaborated here, as the dumping methods are similar.
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First, I will publish the restoration of the event. I will try to find the ownership of several dumping addresses. If I have clues, I will update everyone. If you have relevant information, feel free to leave comments or discuss in the comment section 💡.
