Odaily Planet Daily News According to @ai_9684xtpa’s analysis, the flash crash of ZKJ and KOGE tonight may be a long-planned harvesting operation. The three main addresses targeted the huge trading volume and liquidity of the two tokens in the background of Binance Alpha. Tonight, the dual pressure of "large withdrawal of liquidity + continuous selling" caused ZKJ and KOGE to collapse one after another, and no one was spared.
1. Address 0x1A2...2759920:28:21 and 20:33:15 withdrew 61130 KOGE (about 3.76 million US dollars) and 273017 ZKJ (about 532,000 US dollars) of bilateral liquidity in two times
20:28:58 - 20:36:57 During the period, 45470 KOGE was exchanged for ZKJ, worth 3.796 million US dollars, and the transaction volume on the KOGE chain increased significantly during the period
20:30:57 - 20:59:49 During the period, 1.573 million ZKJ were sold in batches for USDT and BNB, worth 3.052 million US dollars, with an average selling price of $1.94
At this time, both KOGE and ZKJ experienced a small step-by-step decline, but did not plummet.
2. Address 0x078...8bdE720:30:33 withdrew bilateral liquidity of 33651 KOGE (about 2.07 million US dollars) and 709203 ZKJ (about 1.38 million US dollars)
20:31:10 - 20:58:18 period, 36814 KOGE was exchanged for ZKJ, worth 2.26 million US dollars
20:35:15 - 20:37:34 period, 1 million ZKJ was sold, worth 1.948 million US dollars, with an average selling price of $1.948
The "relay-style dumping" of this address finally pushed the KOGE coin price to fall rapidly, which is the continuous large negative lines of the K-line that everyone sees.
3. Address 0x6aD...e2EBb received 772,759 ZKJ transferred from address 0x078...8bdE7 (the previous dumping address) at 20:41:55, worth $1.5 million
772,000 ZKJ were liquidated during 20:42:28 - 20:50:16
The third address mainly cooperated to further catalyze the decline of ZKJ after the KOGE price collapsed, completing the harvest of the two token LPs and holders.