Odaily Planet Daily News According to the monitoring of on-chain analyst @ai_9684xtpa, ZKJ and KOGE, which have always been stable, fell by 3% in a short period of time between 21:20 and 22:05 today, which is suspected to be caused by the withdrawal of liquidity and continuous selling of address 0x364...f18e9.
The address withdrew 1.29 million ZKJ and 8667 KOGE bilateral liquidity from OKX at 21:49, and then:
A total of about 3.1 million US dollars of ZKJ were sold at 21:21 and 22:05;
About 550,000 US dollars of KOGE were sold at 21:20.
At 21:21, ZKJ's trading volume surged to 12.73 million US dollars, triggering a continuous decline within 15 minutes, which may have caused a chain reaction due to LP panic withdrawal; a similar situation occurred at 22:05. KOGE was also frustrated at the same time because it was closely tied to ZKJ, although the amount of selling was not large.