TechFlow news, on June 15, according to an analysis by on-chain data analyst Ai Aunt (@ai_9684xtpa), the sudden crashes of ZKJ and KOGE tonight may have been a long-planned harvesting operation. Three major addresses targeted the massive trading volume and liquidity of the two tokens under the Binance Alpha context, triggering sequential collapses of ZKJ and KOGE through a dual pressure strategy of "large-scale liquidity withdrawal + continuous selling," leaving no one spared.
1. Address 0x1A2...27599
Withdrew bilateral liquidity in two batches at 20:28:21 and 20:33:15, totaling 61,130 KOGE (approximately $3.76 million) and 273,017 ZKJ (approximately $532,000)
From 20:28:58 to 20:36:57, swapped 45,470 KOGE for ZKJ, worth $3.796 million; during this period, KOGE's on-chain transaction volume showed significant growth
From 20:30:57 to 20:59:49, sold off 1.573 million ZKJ in batches for USDT and BNB, worth $3.052 million, at an average selling price of $1.94
At this point, both KOGE and ZKJ experienced slight stepwise declines but had not yet plummeted.
2. Address 0x078...8bdE7
Withdrew 33,651 KOGE (approximately $2.07 million) and 709,203 ZKJ (approximately $1.38 million) of bilateral liquidity at 20:30:33
From 20:31:10 to 20:58:18, converted 36,814 KOGE into ZKJ, worth $2.26 million
From 20:35:15 to 20:37:34, dumped 1 million ZKJ, worth $1.948 million, at an average selling price of $1.948
This address's "relay-style dumping" finally pushed KOGE's price into rapid decline, resulting in the series of consecutive large bearish candles everyone witnessed.
3. Address 0x6aD...e2EBb
Received 772,759 ZKJ (worth $1.5 million) transferred from address 0x078...8bdE7 (the previous dumping address) at 20:41:55
From 20:42:28 to 20:50:16, liquidated 772,000 ZKJ
The third address mainly played a supporting role, further accelerating ZKJ's decline after KOGE's collapse, completing the harvest of liquidity providers and holders of both tokens.
