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Polyhedra’s ZKJ token plummets 83% after ‘abnormal’ transactions

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Polyhedra said it’s investigating a massive plunge in the price of its governance token, which now sits at 31 cents, down from $2.

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“Today’s price drop was caused by a series of abnormal on-chain transactions within a very short period on the ZKJ/KOGE trading pair,” Polyhedra posted to X on June 15 after ZKJ’s market cap fell nearly $500 million in nine hours, while another tracker shows the plunge happened in less than two. #cryptocrash #CryptoNews