Analyst: Tonight ZKJ and KOGE crash or long planned harvest operation

金色财经|6月 15, 2025 14:04
According to a report by Golden Finance, on chain data analyst Ai Yi (@ ai_9684xtpa) analyzed in a post that the sudden collapse of ZKJ and KOGE tonight may be due to a long planned harvesting operation. The three main addresses targeted the huge trading volume and liquidity of the two tokens in the Binance Alpha background, and tonight, through the dual pressure of "large withdrawal of liquidity+continuous selling", ZKJ and KOGE collapsed one after another, without exception.
1. Address 0x1A2... 2759920:28:21 and 20:33:15 to withdraw bilateral liquidity from 61130 KOGE (approximately $3.76 million) and 273017 ZKJ (approximately $532000) in two installments
20: During the period of 28:58-20:36:57, 45470 KOGE was exchanged for ZKJ, with a value of 3.796 million US dollars. During this period, KOGE's on chain transaction volume showed a significant increase
20: During the period of 30:57-20:59:49, 1.573 million ZKJs were sold in batches for USDT and BNB, with a value of 3.052 million US dollars and an average selling price of 1.94 US dollars
At this point, both KOGE and ZKJ experienced a slight step by step decline, but did not experience a sharp drop.
2. Address 0x078... 8bdE720:3:33 Withdraw bilateral liquidity from 33651 KOGE (approximately $2.07 million) and 709203 ZKJ (approximately $1.38 million)
20: During the period of 31:10-20:58:18, 36814 KOGE will be exchanged for ZKJ, valued at 2.26 million US dollars
20: During the period of 35:15-20:37:34, sell 1 million ZKJs worth 1.948 million US dollars, with an average selling price of 1.948 US dollars
The "relay style smashing" of this address finally pushed the KOGE coin price to a rapid decline, which is the consecutive bearish candlestick lines that everyone has seen.
3. Address 0x6aD... e2EBb20:41:55 Received 772759 ZKJs worth $1.5 million transferred from address 0x078... 8bdE7 (i.e. the previous crash address)
20: Clearance of 772000 ZKJ during 42:28-20:50:16
The main function of the third address is to coordinate and further catalyze the decline of ZKJ after the collapse of KOGE coin price, completing the harvest of two token LPs and holders.