Flash Crash Caused by Coordinated Liquidity Moves in KOGE-ZKJ

Two major crypto wallets coordinated significant swaps involving KOGE and ZKJ tokens, leading to a dramatic flash crash. The action, estimated at $6.056 million in total value exchanged on June 15th, resulted in rapid liquidity exits that negatively impacted both tokens’ pricing. This echoes prior market manipulation incidents, particularly those observed during the Binance Alpha airdrop. The absence of official statements from industry leaders adds to the uncertainty surrounding the incident’s implications for market stability.