PANews reported on June 15th that according to @ai_9684xtpa's analysis, the primary reason for first attacking KOGE and then ZKJ might be that ZKJ has a contract, allowing them to short on exchanges and simultaneously dump on the chain. Secondly, from a liquidity perspective, ZKJ's liquidity is slightly better, and dumping requires more funds. Both ZKJ and KOGE have extremely narrow LP ranges, and after massive selling through this range without sufficient funds to support buy orders, an inevitable flash crash would occur. As LP sees the token price dropping, panic selling would emerge, creating a vicious cycle that further drives the price down. It is speculated that the consecutive days of declining Alpha trading volume might be the trigger, and the massive LP exit is part of the "run fast" game.
Analysis: KOGE may have been hit first because of ZKJ’s contract
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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.
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