💥 ZKJ Token Collapse: A Wake-Up Call for DeFi

📌 What Happened?

ZKJ, the native token of Polyhedra Network, suddenly crashed over 80%—dropping from nearly $2 to $0.30. The crash shocked the crypto world 🌍 and sparked major panic among investors.

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📅 When, How & Why?

This crash occurred on June 15, 2025. A large number of tokens were dumped after liquidity was pulled from the ZKJ trading pools.

Shortly after, over 3.4 million ZKJ were sent to exchanges by big wallets like Wintermute, triggering massive liquidations. Many users had used leverage, and when prices fell fast, they were wiped out. 😢

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📉 Market Effect (#CryptoStocks)

The ZKJ crash caused over $500 million in losses across DeFi. Though stocks stayed stable, the crypto market saw a wave of fear and withdrawals, especially from yield farming protocols. Confidence in low-liquidity tokens was badly shaken.

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💡 Smart Takeaway

Even strong projects need deep, stable liquidity and user trust.

Always do research and avoid high-risk leverage. ⚠️

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#ZKJCrash #Polyhedra #CryptoAlert #DeFiNews #CryptoStocks #MarketCrash #Altcoins #Web3 #DYOR