On-chain data analyst Aunt Ai (@ai_9684xtpa) posted a further analysis of tonight's KOGE and ZKJ flash crash events:
1. Why smash KOGE first and then ZKJ?
Perhaps the most important reason is that ZKJ has contracts, and they can simultaneously smash on the chain when they open short on the exchange; secondly, from a liquidity perspective, ZKJ's liquidity will be better, and smashing will cost more money.
2. Why did it start to smash at 8:30, and the performance of the two tokens on the K line was delayed?
ZKJ and KOGE are both famous for their good liquidity and stable currency prices, so the LP range is extremely narrow. If a large number of people break through this range and do not have enough funds to undertake sell orders, it will inevitably flash crash, and LP will panic and flee when it sees the falling price of the currency, causing the currency price to further collapse. As for those LPs who have not yet run, what will happen? They are all bought into ZKJ and KOGE.
3. Why did you choose to smash the market tonight?
Aunt Ai guessed that the decline in Alpha trading volume for several consecutive days may be the incentive, the exit of huge LP is also a game of "running fast", especially the holders of ZKJ and KOGE have fewer believers, everyone is running for interest, so the collapse of the building only needs a load-bearing column to break.
Analyst: Binance Alpha trading volume has declined for several consecutive days, which may be the incentive for KOGE and ZKJ to "smash" tonight
2025-06-15 15:06:42
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