Onchain data has unveiled a significant shift in crypto markets, as large transactions by whales have led to sharp price drops for two altcoins: ZKJ and KOGE. .
A prominent whale wallet address initiated several massive transactions today, withdrawing both ZKJ and KOGE tokens via OKX.
First, they sold over $3.1 million worth of ZKJ coins after an initial withdrawal. Following this, the value of ZKJ plummeted by approximately 80% in just the last 24 hours, while the market experienced a significant decrease in the price of KOGE tokens at around 50%. .
Additional insights into whale activity highlight a notable transaction involving ENA (Ethereum Native Asset). A substantial withdrawal of 15.15 million ENA coins, valued at $4.48 million via Bybit, has impacted the market.