A certain address withdrew ZKJ and KOGE liquidity and then sold them in large amounts, which may cause the two coins to fall by 3% in a short period of time
Source: odaily19 hour ago
Odaily 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 was suspected to be caused by the withdrawal of liquidity and continuous selling of address 0x364...f18e9. The address withdrew the bilateral liquidity of 1.29 million ZKJ and 8667 KOGE from OKX at 21:49, and then: sold a total of about 3.1 million US dollars of ZKJ at 21:21 and 22:05; sold about 550,000 US dollars of KOGE at 21:20. ZKJs trading volume surged to 12.73 million US dollars at 21:21, triggering a continuous decline within 15 minutes, which may be caused by a chain reaction caused by LP panic withdrawal; a similar situation occurred at 22:05. KOGE was closely tied to ZKJ, and although the amount of selling was not large, it was also frustrated at the same time.

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