ChainCatcher reports that 48ClubIan, the project party of KOGE, posted on Binance Square, stating:
"The sharp decline is not due to 48Club's treasury selling KOGE, and it is even less due to my personal selling of KOGE
48Club has no business dealings with the ZKJ project party, nor any similar plans
48Club's treasury has never held (or holds) ZKJ
I personally have never held (or hold) ZKJ
Binance Research and Binance Web3 have already had colleagues consult me about the price drop event, and I have provided the above explanation
48Club has never provided a "low-fee pool restricted to large amounts", and in fact, it is technically impossible to do so even by providing an IP.
Some observations:
Details of the event directly causing the price drop can be seen in @ai_9684xtpa's analysis. Alpha asset wash trading can be counted as trading volume and is clearly a rule loophole. I have expressed my views and warned of risks on multiple occasions on Binance Square and Twitter.
Some plans:
48Club will launch the second KOGE trading grand prix starting from 6.16, lasting one week.
Some personal thoughts:
Please correctly distinguish between "being able to see through the conspiracy behind things" and "being the driving force behind the conspiracy".
If the person who warns of risks must be the initiator of the risk, then why would you help up the elderly person you knocked down?
Be more psychologically sunny, and don't always think everyone is trying to scam you. I have no interest in scamming you; your assets are thinner than my blade."
KOGE project owner: Neither I nor the official has dumped KOGE, and we do not hold ZKJ. 48Club has no business dealings with the ZKJ project owner.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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