Odaily News According to @ai_9684xtpa's analysis, the most important reason for smashing KOGE first and then ZKJ is probably that ZKJ has a contract, and they can open a short position on the exchange and then smash the market on the chain at the same time; secondly, from the perspective of liquidity, ZKJ has better liquidity, and smashing the market will also cost more money;
The LP ranges of ZKJ and KOGE are extremely narrow. If there is not enough funds to take over the selling orders after a large number of them break through this range, a flash crash will inevitably occur. When LP sees the price of the currency falling, they will also flee in panic, and the vicious cycle will cause the price of the currency to collapse further. It is speculated that the decline in Alpha's trading volume for several consecutive days may be the cause, and the exit of huge LPs is also a game of "running fast".