Crypto X

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<p>The Polyhedra Network’s native token, ZKJ, experienced a devastating flash crash on June 15, plummeting more than 63% in under two hours, triggering over $99 million in liquidations and sparking widespread accusations of rug-pulling across the crypto community.</p>
<h2 class="wp-block-heading" id="h-whale-wallets-trigger-the-collapse"><strong>Whale Wallets Trigger the Collapse</strong></h2>
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  https://twitter.com/lookonchain/status/1934291600630542691
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<p>According to blockchain tracker<a href="https://x.com/lookonchain/status/1934291600630542691" target="_blank" rel="noopener noreferrer nofollow"> Lookonchain</a>, six whale wallets collectively sold 5.23 million ZKJ tokens for approximately $9.66 million, right before the crash. These wallets had previously removed liquidity from both ZKJ and KOGE, exchanging KOGE for ZKJ and then dumping ZKJ en masse. This aggressive sell-off drained liquidity and triggered a steep price drop, prompting a wave of forced liquidations for leveraged long positions.</p>
<p>Among those liquidated were six traders who each lost over $1 million, with ZKJ accounting for 81.3% of all crypto liquidations in just four hours, per Coinglass data.</p>
<h2 class="wp-block-heading" id="h-zkj-coin-price-crash"><strong>ZKJ Coin Price Crash </strong></h2>
<p>ZKJ’s price nosedived from $1.98 to a low of $0.7625, marking a more than 60% fall on CoinGecko. CoinMarketCap presented an even grimmer scenario, showing the token collapsing over 80% to $0.33, wiping out the token’s market cap to under $95 million. Although ZKJ briefly rebounded to $1.41, it quickly fell back to hover around $0.80 by midday.</p>
<p>What’s particularly shocking is that ZKJ had been trading in a relatively stable range between $2.05 and $1.98 for over a month, making the sudden breakdown all the more alarming.</p>
<h3 class="wp-block-heading" id="h-koge-connection-and-community-backlash"><strong>KOGE Connection and Community Backlash</strong></h3>
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  https://twitter.com/Crypt2Equalizer/status/1934291887168405842
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<p>Crypto X users were quick to call out what many now suspect to be a coordinated “pump and dump” or even a “long-planned harvesting operation.” A key post by user<a href="https://x.com/eth_apple/status/1934250659429421315" target="_blank" rel="noopener noreferrer nofollow"> ETH APPLE</a> alleged that the KOGE pool had run out of USDT, which left liquidity providers stranded and triggered a mass conversion of KOGE into ZKJ, ultimately crashing both tokens.</p>
<blockquote class="wp-block-quote">
 <p>“The issue began when the KOGE pool ran out of USDT, leaving LPs unable to exit positions,” wrote ETH APPLE. “This led to a mass sell-off of KOGE into ZKJ… the KOGE team hadn’t added any USDT to the pool.”</p>
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<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>
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  <strong><strong>Where can you buy Polyhedra Network (ZKJ) token?</strong></strong>
  <p>ZKJ can be purchased on various centralized crypto exchanges like OKX, Bybit, Gate.io, KuCoin, and MEXC. Some platforms like Revolut also offer ZKJ.</p>
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 <div class="schema-faq-section" id="faq-question-1750054304408">
  <strong><strong>What is the market cap of Polyhedra Network (ZKJ)?</strong></strong>
  <p>As of today, Polyhedra Network's (ZKJ) market capitalization stands at approximately $100.4 million, placing it at rank #458 on CoinGecko. This valuation is calculated by multiplying the current token price by the circulating supply, which currently totals 310 million ZKJ tokens available for trading in the market.</p>
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 <div class="schema-faq-section" id="faq-question-1750054679939">
  <strong>Why did ZKJ crypto crash so suddenly?</strong>
  <p>ZKJ crashed over 63% after whale wallets dumped 5.23M tokens, triggering $99M in liquidations and draining liquidity.</p>
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Why ZKJ Token Price Crashed From $2 to $0.33 ?

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