PANews reported on June 17 that according to an official announcement from Polyhedra, the ZKJ token plummeted by more than 85% on June 15. Preliminary investigations pointed out that itPANews reported on June 17 that according to an official announcement from Polyhedra, the ZKJ token plummeted by more than 85% on June 15. Preliminary investigations pointed out that it

Polyhedra releases preliminary incident report: The crash was caused by a chain reaction caused by a coordinated liquidity attack on the chain

2025/06/17 07:41
1 min read

PANews reported on June 17 that according to an official announcement from Polyhedra, the ZKJ token plummeted by more than 85% on June 15. Preliminary investigations pointed out that it was a chain reaction caused by a coordinated liquidity attack on the chain. Multiple addresses quickly dumped ZKJ after large withdrawals from PancakeSwap, causing an imbalance in the price of the KOGE/ZKJ pool. At the same time, Wintermute transferred a large amount of about 3.39 million ZKJ to the centralized exchange (CEX) in a short period of time, exacerbating the selling pressure. More than $94 million in forced liquidation occurred in CEX, further triggering a waterfall-like decline. Polyhedra said that the team did not sell ZKJ, but only participated in liquidity provision, and will release a more detailed analysis later.

Market Opportunity
Moonveil Logo
Moonveil Price(MORE)
$0.0007934
$0.0007934$0.0007934
-0.22%
USD
Moonveil (MORE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
While Shiba Inu and Turbo Chase Price, 63% APY Staking Puts APEMARS at the Forefront of the Best Meme Coin Presale 2026 – Stage 6 Ends in 3 Days!

While Shiba Inu and Turbo Chase Price, 63% APY Staking Puts APEMARS at the Forefront of the Best Meme Coin Presale 2026 – Stage 6 Ends in 3 Days!

What if your meme coin investment could generate passive income without selling a single token? Shiba Inu climbed 4.97% as 207 billion tokens left exchanges. Turbo
Share
Coinstats2026/02/04 03:15
SUI Price Is Down 80%: Price Nears Level Bulls Cannot Afford to Lose

SUI Price Is Down 80%: Price Nears Level Bulls Cannot Afford to Lose

SUI price has quietly slipped into a zone that usually decides everything. Charts show an 80% drop from the peak, yet the market is no longer moving fast. This
Share
Captainaltcoin2026/02/04 03:00