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This situation is a bit tricky. Koge only has on-chain liquidity and can't sell in large quantities, so it borrows from the Koge/ZKJ pool to crash ZKJ, and then ZKJ further crashes the market through pre-established contract short positions to catch a big wave. I didn't participate in Binance Alpha, but I heard from group members that LP was promoted as a "financial management" behavior. I estimate that 90% of Alpha users probably don't understand Impermanent Loss, and non-stablecoin LP is definitely not related to financial management.

Ai 姨
@ai_9684xtpa
06-15
今晚 $ZKJ 和 $KOGE 的闪崩,或许是一场预谋已久的收割行动🔪
三个主要地址瞄准 Binance Alpha 背景下两个代币对刷的天量交易额和流动性,在今晚通过「大额撤出流动性 + 持续抛售」的双重压力使得 ZKJ 和 KOGE 依次崩盘,无一幸免
以下是事件的详细拆解与部分还原👇
1️⃣ 地址 0x1A2...27599 x.com/ai_9684xtpa/st…

The earliest prediction I've seen so far
It really was a long-planned massacre

老贾 |
@ird
06-12
zkj靠alpha变成了稳定币,大家把LP价格空间压缩到极致。这种模式的平衡就靠高成交量和流动性持续接盘,一旦交易量下滑,收益下跌,就是负向飞轮,大家相互踩踏,价格出现闪崩。ZKJ这会推新玩法可能感受到热度下滑,我看LP的手续费从6号开始每天递减
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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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