On June 15th, according to crypto KOL ai_9684xtpa's analysis, the sudden crash of ZKJ and KOGE tonight might be a long-planned harvesting operation. Three main addresses created pressure through "large-scale liquidity withdrawal + continuous selling" that caused ZKJ and KOGE to collapse sequentially:
· Address 0x1A2...27599
At 20:28:21 and 20:33:15, withdrew bilateral liquidity in two stages: 61130 KOGE (approximately $3.76 million) and 273017 ZKJ (approximately $532,000)
Between 20:28:58 - 20:36:57, converted 45470 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, KOGE and ZKJ experienced slight step-like declines but did not crash
· Address 0x078...8bdE7
At 20:30:33, withdrew bilateral liquidity of 33651 KOGE (approximately $2.07 million) and 709203 ZKJ (approximately $1.38 million)
Between 20:31:10 - 20:58:18, converted 36814 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 triggered a rapid decline in KOGE's price
· Address 0x6aD...e2EBb
At 20:41:55, received 772759 ZKJ from address 0x078...8bdE7 (the previous dumping address), valued at $1.5 million
Between 20:42:28 - 20:50:16, completely cleared 772,000 ZKJ
The third address's main role was to cooperate, further catalyzing ZKJ's decline after KOGE's price crash, completing the harvest of both tokens' LP and token holders.
"Finally: These three addresses are the main driving addresses. In fact, more 'coordinating addresses' worth hundreds of thousands of dollars were found, which will not be elaborated here, but the dumping methods are similar."
