Analysis: The market may have hit KOGE first and then ZKJ because of the contract of ZKJ
9 hours ago
Odaily News According to @ai_9684xtpa’s analysis, the most important reason for smashing KOGE first and then ZKJ may be that ZKJ has a contract, and they can smash the market on the chain at the same time by opening a short position on the exchange; secondly, from the perspective of liquidity, ZKJ’s liquidity will be better, and it will cost more money to smash the market; the LP ranges of ZKJ and KOGE are extremely narrow, and if there is not enough money to take over the sell orders after a large number of smashes through this range, there will be an inevitable flash crash. When LP sees the price of the currency falling, they will also flee in panic, and the vicious cycle will cause the price of the currency to collapse further; it is speculated that the decline in Alpha’s trading volume for several consecutive days may be the cause, and the exit of huge LPs is also a game of "running fast".
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Analysis: The market may have hit KOGE first and then ZKJ because of the contract of ZKJ