Odaily News KOGE project owner 48ClubIan posted on the X platform:
“The crash was not caused by 48Club or the National Treasury dumping KOGE, and the crash was not caused by me dumping KOGE.
48Club has no business dealings with the ZKJ project, nor does it have any similar plans.
48Club Treasury does not hold (or have held) ZKJ
I personally have not held (or ever held) ZKJ
I have been asked by colleagues from Binance Research and Binance Web3 about the price drop, and I have given the above explanation.
48Club has never provided a "low-fee pool that only allows large amounts of money to enter". In fact, it is technically impossible to do this by providing IP.
Some thoughts:
For details of the events that directly led to the price drop, please see @ai_9684xtpa's analysis. Alpha asset pairs can be counted as trading volume points, which is an obvious loophole in the rules. I have expressed my views and warned of risks many times on Binance Square and Twitter.
Some plans:
48Club will hold the second KOGE Trading Grand Prix starting from June 16th for a week.
Some thoughts:
Please correctly distinguish between "being able to see through the conspiracy behind things" and "being the driving force behind the conspiracy".
If the person who warns of a risk is the one who caused the risk, then why should you help up the old man you knocked down?
Be more positive and don't always think that everyone is trying to cut you. I have no interest in cutting you. Your assets are thinner than the blade of the knife I use. "