A certain address withdrew 1.29 million ZKJ and 8,667 KOGE bilateral liquidity from CEX and then sold them, which may be the reason for the short-term price drop.
Source: 英文PANews19 hour ago
PANews reported on June 14 that according to @ai_9684xtpa, the usually stable ZKJ and KOGE both fell by 3% in a short period of time. The address 0x364...f18e9 may be one of the main driving forces. At 21:49, the address withdrew 1.29 million ZKJ and 8,667 KOGE bilateral liquidity from OKX and then sold them. The address sold a total of $3.1 million worth of ZKJ at 21:21 and 22:05, and sold $550,000 worth of KOGE at 21:20. It can be seen that ZKJ's trading volume surged at 21:21 (US$12.73 million), and the subsequent 15-minute continuous decline may be due to LP's panic exit or selling. After all, ZKJ's LP range is usually very small and is very susceptible to price fluctuations. A similar situation occurred again at 22:05; KOGE was also affected accordingly because of its obvious binding with ZKJ, although the selling amount was not large.

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