ZKJ Token’s Wild Crash: Whales, Chaos, and Lost Millions! 🤯

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In the long, mournful history of human folly, there are crashes, and then there is the misadventure of ZKJ. Upon the fateful morning of June 15th, when the cock crowed and blockchains churned on in their cold indifference, Polyhedra Network’s humble coin—that beacon of hope for speculators with too much faith—tumbled with all the grace of a nobleman falling from a horse after one too many vodkas. In less than two hours, this digital darling plummeted more than 63%. Over $99 million vanished in liquidations, leaving the crypto community so shocked, they almost stopped arguing with each other.
Accusations of rug-pulling sprang forth, as they always do when money disappears. Like so many bears in winter, trust went into hibernation.

Whale Wallets Trigger the Collapse

1/ $ZKJ plummeted by over 63%, with more than $99M liquidated.

What happened — and who triggered the crash?

— Lookonchain (@lookonchain) June 15, 2025

One cannot but marvel at the grandeur of the whales—the oligarchs of the blockchain sea. According to the ever-observant Lookonchain, six whale wallets, with the coordination and subtlety of a ballet troupe robbing a bank, sold 5.23 million ZKJ tokens for a mere $9.66 million right before the crash. These wallets had removed liquidity from both ZKJ and their dearly beloved KOGE, swapped KOGE for ZKJ, and then sold ZKJ in a fashion that could, in poetic terms, be described as “dumping their problems on everyone else.” This communal stampede drained liquidity, dragging the price downward and pulling the lever on an avalanche of forced liquidations destined to haunt leveraged traders’ dreams.

Among those unfortunate enough to be swept away were six traders, each parted from over $1 million. For a brief and tragic four hours, ZKJ accounted for 81.3% of all crypto liquidations, making one wonder if diversification is but a myth told to calm anxious investors.

ZKJ Coin Price Crash

ZKJ, in what can only be described as a spectacular nosedive akin to a Russian aristocrat’s investment portfolio circa 1917, fell from $1.98 to $0.7625—a more than 60% drop on CoinGecko. CoinMarketCap, not to be out-suffered, posted even sadder numbers: down over 80%, scraping the desperate low of $0.33. The entire market cap shriveled to under $95 million, a sum that now buys you exactly three eggs and some toast in Moscow. Though the token struggled upward, briefly gasping for air at $1.41, it was promptly reminded of gravity’s relentless grip and returned to hover around $0.80 by midday.

The true comedy (if one could call such horror that) was ZKJ’s prior stability; for over a month the token had lazed about between $2.05 and $1.98, an image of serenity—before, as with all great Russian summers, the winter of oblivion arrived without warning.

KOGE Connection and Community Backlash

It’s called a rug pull or a pump and dump. The weakness of all altcoins

— CryptoEqualizer (@Crypt2Equalizer) June 15, 2025

Crypto X users, whose cynicism is matched only by their commitment to meme stocks, immediately cried “pump and dump,” and some even whispered the dread phrase, “long-planned harvesting operation” (a phrase last spoken, perhaps, by Ivan the Terrible). A user named “ETH APPLE”—which, one suspects, is not his birth name—claimed that the KOGE pool ran out of USDT, leaving liquidity providers as stranded as a winter traveler at a snowbound train station. With nowhere to go but down, the mass conversion of KOGE into ZKJ shattered the price of both tokens, as if Dostoevsky himself had scripted it.

“The issue began when the KOGE pool ran out of USDT, leaving LPs unable to exit positions,” wrote ETH APPLE, perhaps from a dimly-lit room. “This led to a mass sell-off of KOGE into ZKJ… the KOGE team hadn’t added any USDT to the pool.”

And so ends our tale, with traders counting losses, the community searching for villains, and ZKJ—like a jilted lover—wondering if it was all just a bad dream. Or, as we Russians say, “If you want to lose money and friends, play a game of crypto.” 😉💸

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2025-06-16 06:38