The post ZKJ Token Faces Potential Flash Crash Risks Amid Liquidity Withdrawals and Binance Alpha Adjustments appeared on BitcoinEthereumNews.com.

ZKJ and KOGE tokens experienced a dramatic flash crash, plunging up to 85% after significant liquidity withdrawals by whales, linked to Binance Alpha activity. On-chain analytics reveal coordinated actions by major wallets, highlighting concerns over market manipulation and liquidity concentration risks within the Binance Alpha ecosystem. In response, Binance has revised its Alpha Points program rules to curb token volume inflation and enhance fairness across its incentive structures, aiming to stabilize the market. ZKJ and KOGE flash crash exposes liquidity risks and manipulation concerns; Binance updates Alpha Points rules to restore market stability and fairness. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Analyzing the Causes Behind the ZKJ and KOGE Flash Crash The sudden collapse of ZKJ and KOGE tokens was primarily driven by abnormal on-chain transactions, as confirmed by Polyhedra, a leading blockchain analytics firm. The interconnected contracts between ZKJ and KOGE appear to have triggered a cascading effect, where liquidity withdrawals in one token rapidly impacted the other. Data from Lookonchain highlights that a few large wallets orchestrated substantial liquidity removals, with one wallet alone withdrawing 61,130 KOGE tokens valued at $3.76 million and 273,017 ZKJ tokens worth approximately $532,000. This massive liquidity drain caused KOGE’s price to plummet from $62 to $24 and ZKJ’s from nearly $2 to $0.30, representing declines of 61% and 85%, respectively. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments…

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Filed under: News - @ June 16, 2025 11:25 am