Tonight's flash crash of $ZKJ and $KOGE might be a premeditated harvesting operation🔪 Three main addresses targeted the massive trading volume and liquidity of two tokens under the Binance Alpha background, causing ZKJ and KOGE to collapse sequentially through the dual pressure of "large-scale liquidity withdrawal + continuous selling" tonight, with no exceptions Here is a detailed breakdown and partial restoration of the event👇 1️⃣ Address 0x1A2...27599 At 20:28:21 and 20:33:15, withdrew bilateral liquidity of 61,130 KOGE (approximately $3.76 million) and 273,017 ZKJ (approximately $532,000) in two stages Between 20:28:58 - 20:36:57, converted 45,470 KOGE to ZKJ, valued at $3.796 million, during which KOGE's on-chain transaction volume showed significant growth Between 20:30:57 - 20:59:49, sold 1.573 million ZKJ in batches for USDT and BNB, valued at $3.052 million, with an average selling price of $1.94 At this point, both KOGE and ZKJ experienced slight step-like declines but did not crash Wallet address intel.arkm.com/explorer/addres...… 2️⃣ Address 0x078...8bdE7 At 20:30:33, withdrew bilateral liquidity of 33,651 KOGE (approximately $2.07 million) and 709,203 ZKJ (approximately $1.38 million) Between 20:31:10 - 20:58:18, converted 36,814 KOGE to ZKJ, valued at $2.26 million Between 20:35:15 - 20:37:34, sold 1 million ZKJ, valued at $1.948 million, with an average selling price of $1.948 This address's "relay-style dumping" finally pushed KOGE's price to rapidly decline, which is the consecutive large red candles everyone saw intel.arkm.com/explorer/addres...… 3️⃣ Address 0x6aD...e2EBb At 20:41:55, received 772,759 ZKJ transferred from address 0x078...8bdE7 (the previous dumping address), valued at $1.5 million Between 20:42:28 - 20:50:16, liquidated 772,000 ZKJ The third address's main role was to cooperate, further catalyzing ZKJ's decline after KOGE's price crash, completing the harvesting of both tokens' LP and token holders Finally: The three addresses mentioned here are the main driving addresses. Actually, Ai found more "cooperating addresses" at the hundreds of thousands of dollars level, which will not be elaborated here, with similar dumping methods ----- First restoring and publishing the event, I will try to find the ownership of these dumping addresses. If there are clues, I will synchronize with everyone. If you have related information, welcome to leave a message or discuss in the comments section💡

Game over

Answers and speculations on several questions in the comment area 1️⃣ Why smash KOGE first and then ZKJ The most important reason may be that ZKJ has a contract, and they can smash the market on the chain at the same time by opening a short position on the exchange; secondly, from the perspective of liquidity, ZKJ has better liquidity, and it will cost more money to smash the market 2️⃣ Why did the smash start at 8:30, and the performance of the K-line of the two tokens is delayed ZKJ and KOGE are both well-known for their good liquidity + stable coin prices, so the LP range is extremely narrow. After a large number of smashes through this range, there is not enough funds to take over the sell orders, and there will be an inevitable flash crash LPs will also panic and flee when they see the price of the coin falling, and the vicious cycle will cause the price of the coin to collapse further; as for those LPs who have not yet fled, what will happen? All bought ZKJ and KOGE and got stuck😢 3️⃣ Why choose to dump the market tonight No one knows... But I guess the decline in Alpha trading volume for several consecutive days may be the cause. The exit of huge LPs is also a game of "running fast", especially since there are fewer believers among the holders of ZKJ and KOGE. Everyone is going for the interest, so the collapse of the building only needs the breakage of a load-bearing column.