小澎说币
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Deadly Harvest: A Complete Breakdown of the ZKJ Chain Reaction - From OKX Shitcoin to Binance Alpha's Three-Year History of Harvesting
History Repeats: Landmines during the OKX period, with a second explosion on Binance Alpha.
On June 15, 2025, ZKJ experienced a single-day crash of 83.7% on Binance Alpha, with a market capitalization evaporating by over $1.76 billion, and nearly 10,000 investors losing their principal. This is not the first time ZKJ has harvested.
Black History During the OKX Period: In 2023, this token was originally named ZK, operated by a domestic team. After going online on OKX, it was pumped to $3 through false liquidity, then the team sold over 60% of their holdings, leading to a 90% price drop, marked by the community as 'classic shitcoin.'
Shell Rebirth: In 2024, it was renamed ZKJ to ride the Ethereum ZK concept boom, claiming to be a 'Layer2 scaling solution,' while the actual codebase had not been substantially updated in nearly a year, with only 13 commits on GitHub (as shown in the June 2025 audit report).
On June 15, 2025, ZKJ experienced a single-day crash of 83.7% on Binance Alpha, with a market capitalization evaporating by over $1.76 billion, and nearly 10,000 investors losing their principal. This is not the first time ZKJ has harvested.
Black History During the OKX Period: In 2023, this token was originally named ZK, operated by a domestic team. After going online on OKX, it was pumped to $3 through false liquidity, then the team sold over 60% of their holdings, leading to a 90% price drop, marked by the community as 'classic shitcoin.'
Shell Rebirth: In 2024, it was renamed ZKJ to ride the Ethereum ZK concept boom, claiming to be a 'Layer2 scaling solution,' while the actual codebase had not been substantially updated in nearly a year, with only 13 commits on GitHub (as shown in the June 2025 audit report).
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