Crypto KOL ai_9684xtpa Links Three Addresses to ZKJ KOGE Flash Crash

On June 15, a crypto KOL ai_9684xtpa analyzed the flash crash of ZKJ and KOGE, suggesting that the event might have been a premeditated "harvesting operation." The analysis identified three primary addresses that played a pivotal role in triggering the sequential collapse of ZKJ and KOGE through a combination of large liquidity withdrawals and continuous sell-offs.

The first address, 0x1A2...27599, withdrew dual-sided liquidity of 61,130 KOGE and 273,017 ZKJ in two transactions. Between 20:28:58 and 20:36:57, it swapped 45,470 KOGE for ZKJ, valued at $3.796M. During this period, KOGE’s on-chain trading volume surged significantly. Between 20:30:57 and 20:59:49, the address sold off 1.573M ZKJ in batches, converting to USDT and BNB, valued at $3.052M, with an average selling price of $1.94. At this point, both KOGE and ZKJ saw mild but stepwise declines without outright plunges.

The second address, 0x078...8bdE7, withdrew dual-sided liquidity of 33,651 KOGE and 709,203 ZKJ. Between 20:31:10 and 20:58:18, it swapped 36,814 KOGE for ZKJ, worth $2.26M. Between 20:35:15 and 20:37:34, the address sold off 1M ZKJ, valued at $1.948M, with an average selling price of $1.948. This address’s "relay-style dump" ultimately triggered a rapid price drop for KOGE.

The third address, 0x6aD...e2EBb, received 772,759 ZKJ worth $1.5M transferred from address 0x078...8bdE7. Between 20:42:28 and 20:50:16, it liquidated 772,000 ZKJ completely. The main role of this third address was to coordinate; after the collapse of the KOGE price, it further intensified the decline of ZKJ, completing the "harvest" of the two token LPs and token holders.

In summary, the analysis suggests that the flash crash of ZKJ and KOGE was a well-planned operation involving multiple addresses working in coordination to withdraw liquidity and sell off tokens in a strategic manner. The sequential collapse of the two tokens indicates a deliberate effort to manipulate the market and profit from the resulting price drops. The involvement of supporting addresses handling transactions worth hundreds of thousands of dollars further supports the theory of a coordinated "harvesting operation."