Odaily News According to on-chain analyst @ai_9684xtpa, the usually stable ZKJ and KOGE both fell by 3% between 21:20 and 22:05 today, which was suspected to be caused by the withdrawal of liquidity and continuous selling from the address 0x364...f18e9.
The address withdrew 1.29 million ZKJ and 8,667 KOGE bilateral liquidity from OKX at 21:49, and then:
At 21:21 and 22:05, a total of approximately $3.1 million of ZKJ was sold;
At 21:20, about $550,000 of KOGE was sold.
ZKJ's trading volume surged to $12.73 million at 21:21, triggering a continuous decline within 15 minutes, possibly due to a chain reaction caused by LP panic withdrawal; a similar situation occurred at 22:05. KOGE was also hit simultaneously because it was closely tied to ZKJ, although the amount of sales was not large.