{"id":675341,"date":"2025-06-16T04:34:41","date_gmt":"2025-06-16T01:34:41","guid":{"rendered":""},"modified":"2025-06-16T04:34:41","modified_gmt":"2025-06-16T01:34:41","slug":"polyhedras-zkj-token-plummets-83-after-abnormal-transactions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/polyhedras-zkj-token-plummets-83-after-abnormal-transactions\/","title":{"rendered":"Polyhedra\u2019s ZKJ token plummets 83% after \u2018abnormal\u2019 transactions"},"content":{"rendered":"

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Polyhedra said it\u2019s investigating a massive plunge in the price of its governance token, which now sits at 31 cents, down from $2.<\/p>\n

Polyhedra Network (ZKJ) plunged 83% on Sunday after a series<\/a> of \u201cabnormal on-chain transactions\u201d involving the ZKJ\/KOGE (KOGE) trading pair \u2014 a collapse Binance said was triggered by a sudden liquidity crunch.<\/p>\n

\u201cToday\u2019s price drop was caused by a series of abnormal on-chain transactions within a very short period on the ZKJ\/KOGE trading pair,\u201d Polyhedra posted<\/a> to X on June 15 after ZKJ\u2019s market cap fell nearly $500 million in nine hours, while another tracker shows<\/a> the plunge happ<\/a>ened in less than two. <\/p>\n

Binance said<\/a> the collapse of ZKJ and KOGE resulted from large holders removing tokens, causing a \u201cliquidation cascade in the market.\u201d<\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Polyhedra said it\u2019s investigating a massive plunge in the price of its governance token, which now sits at 31 cents, down from $2. Polyhedra Network (ZKJ) plunged 83% on Sunday after a series of \u201cabnormal on-chain transactions\u201d involving the ZKJ\/KOGE (KOGE) trading pair \u2014 a collapse Binance said was triggered by a sudden liquidity crunch….<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-675341","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/675341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=675341"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/675341\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=675341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=675341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=675341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}