PANews news on June 14th, according to @ai_9684xtpa monitoring, the usually stable ZKJ and KOGE both dropped 3% in a short time, with address 0x364...f18e9 being one of the main driving forces - at 21:49, this address withdrew 1.29 million ZKJ and 8,667 KOGE from liquidity on OKX, followed by selling. The address accumulated sales of $3.1 million worth of ZKJ at 21:21 and 22:05, and sold $550,000 worth of KOGE at 21:20. It can be seen that ZKJ's trading volume surged at 21:21 (to $12.73 million), with a continuous decline in the following 15 minutes possibly due to panic exits or sales by liquidity providers, as ZKJ's LP range is usually very small and highly susceptible to price fluctuations, with a similar situation recurring at 22:05; KOGE, being closely linked to ZKJ, was also affected despite the relatively small selling amount.
A certain address withdrew 1.29 million ZKJ and 8,667 KOGE bilateral liquidity from CEX and then sold them, which may be the reason for the short-term price drop.
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share