June 16, 2025

How ruthless is Dog House? Just look at yesterday's ZKJ trend to know, it dropped 90% in one day. However, according to on-chain data, it is highly likely that the ZKJ and KOGE trading pair was exploited, with KOGE dumping a large amount of KGOE using this trading pair, and then smashing the ZKJ obtained. In any case, those who added liquidity to ZKJ are suffering heavy losses, and some who happened to encounter the crash while boosting volume are also being affected. Alpha seems likely to trap many people at this point.

Avoid getting involved in crowded places, especially when it comes to yield farming with added LP, as this can be a bit counterproductive. Additionally, this once again reminds us that so-called altcoin market caps are castles in the air, with no real liquidity support; everything is an illusion. Once you are deceived by the false appearances created by the main players, you will develop an inexplicable belief, thinking that this price is stable and low, only to be brutally cut down by the main players in the end.

Back to the market, after stabilizing following the decline, the market has been flat for a few days, but today it has pulled up again. Although it hasn't broken the new high yet, the strong sentiment is back. Next, it is anticipated that Ethereum will likely lead the market. The key question now is whether Bitcoin can break the highest point of $110,000; if it doesn't, there will still be volatile market conditions. Fortunately, time is still on our side, so maintain your positions and continue to wait.

As for the US stock market, the trend remains good, currently just one new high away. I have to say, the US stock market is really strong; a previous large bearish candle has already been repaired. If a new high can be reached soon, or if the next few months continue to see crazy trends after new highs, the cryptocurrency market will definitely be affected. After all, with the high interest rates in the US dollar for so long, there will be more funds flowing into the market after rate cuts, and the cryptocurrency market will be one of the beneficiaries.

Thank you for your attention.