
Ai 姨|Jun 14, 2025 15:07
Why did ZKJ and KOGE, which have always been stable, both fall by 3% in a short period of time? 📉
Address 0x364... f18e9 may be one of the main driving forces - at 21:49, this address withdrew 1.29 million ZKJ and 8667 KOGE bilateral liquidity from OKX, followed by a sell-off
🔸 Accumulated selling of ZKJ worth $3.1 million at two time points of 21:21 and 22:05
🔹 Sold $550000 worth of KOGE at 21:20
It can be seen that the trading volume of ZKJ surged (12.73 million US dollars) at 21:21, and the sustained decline for the next 15 minutes may be due to panic exits or selling by LPs. After all, the LP range of ZKJ is usually very small and easily affected by price fluctuations, and a similar situation occurred again at 22:05; Due to the obvious binding between KOGE and ZKJ, although the selling amount is not large, it has also been affected accordingly (as shown in the figure)
Three sentence summary
one ️⃣ 'Seemingly stable ≠ stablecoin', it is expected that there will be brush points and LP losses due to price fluctuations
two ️⃣ Don't curse Binance if you incur losses while using Alpha, and don't spend too much money on a single brush
three ️⃣ LP is more suitable for users with DeFi foundation, and blind flushing is more likely to be backfired
Finally, due to the high volume of data scraping for large transactions between ZKJ and KOGE, it is inevitable that there may be omissions. If you discover a more important driving address, please feel free to share and discuss it in the comment section~
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