PANews reported on June 15 that according to @ai_9684xtpa’s analysis, the flash crash of ZKJ and KOGE tonight may be a long-planned harvesting operation. The three main addresses targeted the huge trading volume and liquidity of the two tokens in the context of Binance Alpha. Tonight, through the dual pressure of "large withdrawal of liquidity + continuous selling", ZKJ and KOGE collapsed one after another, and no one was spared.
1. Address 0x1A2...2759920:28:21 and 20:33:15 withdrew 61130 KOGE (about 3.76 million USD) and 273017 ZKJ (about 532,000 USD) of bilateral liquidity in two batches
20:28:58 - 20:36:57 During this period, 45,470 KOGE were exchanged for ZKJ, worth 3.796 million USD. During this period, the transaction volume on the KOGE chain increased significantly.
20:30:57 - 20:59:49 During this period, 1.573 million ZKJ were sold in batches in exchange for USDT and BNB, with a value of 3.052 million US dollars, and an average selling price of 1.94 US dollars
At this time, both KOGE and ZKJ experienced a small step-down, but did not plummet.
2. Address 0x078...8bdE720:30:33 withdrew 33651 KOGE (about 2.07 million USD) and 709203 ZKJ (about 1.38 million USD) of bilateral liquidity
20:31:10 - 20:58:18 During this period, 36814 KOGE were exchanged for ZKJ, worth 2.26 million USD
20:35:15 - 20:37:34 During this period, 1 million ZKJ were sold, worth $1.948 million, with an average selling price of $1.948
The "relay dumping" of this address finally pushed the price of KOGE coin to fall rapidly, which is the several consecutive large negative lines on the K-line that everyone sees.
3. Address 0x6aD...e2EBb20:41:55 received 772759 ZKJ transferred from address 0x078...8bdE7 (the previous dumping address), with a value of 1.5 million US dollars
20:42:28 - 20:50:16 During this period, 772,000 ZKJ were cleared
The main function of the third address is to cooperate and further catalyze the decline of ZKJ after the collapse of KOGE coin price, thus completing the harvest of the two token LPs and coin holders.
