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A certain address withdrew 1.29 million ZKJs and 8667 KOGE bilateral liquidity from CEX and sold them, or the reason for the short-term price decline

PANews
PANews|Jun 14, 2025 15:09
According to @ ai_9684xtpa monitoring, the stable ZKJ and KOGE both fell by 3% in the short term, and addresses 0x364... f18e9 may be one of the main driving forces - at 21:49, the address withdrew 1.29 million ZKJ and 8667 KOGE bilateral liquidity from OKX, followed by a sell-off. The address sold a total of $3.1 million worth of ZKJ at 21:21 and 22:05, and $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 its obvious binding with ZKJ, KOGE was also affected despite the small amount of selling.
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