Polyhedra Releases Preliminary ZKJ Token Price Survey Report

According to Foresight News, Polyhedra has released a preliminary investigation report on the ZKJ token price. The ZKJ token experienced a price plunge of over 80% on June 15th, with the initial investigation revealing that the cause was a chain reaction triggered by a coordinated on-chain liquidity attack. Multiple addresses quickly sold ZKJ after large withdrawals on PancakeSwap, causing an imbalance in the KOGE/ZKJ pool; simultaneously, Wintermute transferred approximately 3.39 million ZKJ tokens to centralized exchanges (CEX) in a short period, exacerbating selling pressure; over $94 million in liquidations occurred on CEX, further triggering a cascading decline. Additionally, the team stated that they have initiated a ZKJ token buyback plan, and the token price has shown a slight recovery.