Main notes
- ZKJ decreased from $ 2 to $ 0.3772, which is more than $ 439 million in the market.
- Six whale governor sold $ 9.66 million in the distinctive symbol, which sparked the blocks of the mass.
- Opening the distinctive symbol on June 19 can increase pressure on the distinctive code price.
The original ZKJ of the Polytedra network suffered from free falls in the late hours of June 15, threw about 80 % of its value in just one day. This discharge sent shock waves across society and has wiped more than $ 439 million in the market value of the encrypted currency.
Before collapsing to $ 0.3772, ZKJ was trading near $ 2. It had a comfortable spot at the top of 300 cryptocurrencies. However, the distinctive symbol is now sitting outside this range with a significant decrease in the maximum of $ 111 million.
What caused ZKJ to fall?
The sharp decline has been operated through a series of whales activity that involves ZKJ and Koge
boil
$ 28.75
24 hours fluctuation:
2.0 %
The maximum market:
97.31 dollars
Folder. 24h:
19.38 dollars
Symbols. The Blockchain Lookonchain analysis platform revealed that many of the upper portfolios have begun to remove liquidity from both origins before diving.
1/ $ Zkj He decreased by more than 63 %, with more than $ 99 million.
What happened – and who raised the accident? pic.twitter.com/CFRNYSW3V
– Lookonchain (@swearonchain) June 15, 2025
According to what these accounts were replaced by Koge for ZKJ, then ZKJ quickly sold in the open market. In total, six main governor emptied 5.23 million ZKJ icons, which amount to about 9.66 million dollars.
The aggressive sale led to severe liquidity, adding a declining pressure on the ZKJ price. This sparked a wave of long position references, with six merchants, each faces losses of more than one million dollars.
The data on the series indicates that more than $ 2 million of ZKJ has been transferred to the central stock exchanges within a 24 -hour period. This exchange added a flow to the rising panic, raising fears of deeper correction.
Society interacts
The timing of the accident is especially important, given the next distinctive symbol scheduled to be held on June 19. The Polytedra community, which was once budget, expresses the possibilities of ZKJ in the long run, the disappointment of X.
The Rozefi encryption dealer drew the similarities between the ZKJ collapse and shattering talisman prices (OM) in April. The Polytedra team accused the symbolic supply centralization from the beginning, claiming that the project lacks the real user’s adoption.
Remember $ On?
✥ Do you not feel the same scenario?
Those familiar with the entire offer dominated the first day✥ There was no real accumulation or organic request. $ Zkj It was designed from the beginning as a pure exit liquidity machine
✥ What looks like promising … pic.twitter.com/jwdhjzwnb
– Rozefi (Defiroze) June 16, 2025
“This volatility was not – it was a plan to manipulate the market. What looked like a stable symbol was just a carpet awaiting pulling.”
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
The post ZKJ Price Freefalls 80%, Relief or Further Drop Ahead? first appeared on Investorempires.com.
