Binance Alpha Liquidity Crisis: KOGE-ZKJ Plummets After Sudden Withdrawal

The crypto market experienced a dramatic price drop following a liquidity event affecting the KOGE-ZKJ trading pair on Binance Alpha. A substantial withdrawal by three key addresses triggered a sell-off exceeding $100 million, causing ZKJ token prices to plummet by 83.88% in just a day. Polyhedra Network, involved in the impacted tokens’ liquidity, issued a statement emphasizing their commitment to technical stability despite an ongoing review.