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ZKJ big pump 88%引 follow Team releases price Fluctuation analysis and promises to buy back
[Block Rhythm] On June 17, according to market data, ZKJ surged to break through 0.75 USD this morning, now falling back to 0.57 USD; the 24-hour rise reached 88%, and the market capitalization rebounded to 179 million USD.
Earlier today, the ZKJ team released a preliminary report on the token price crash, conducting an initial analysis of the over 80% price drop of the ZKJ token on June 15. The main immediate triggers include: a large injection of tokens caused by a coordinated on-chain liquidity attack, a significant transfer from Wintermute to centralized exchanges, and chain liquidations on those exchanges.
Tiancheng Xie, co-founder of Polyhedra (ZKJ), posted on social media, “We will repurchase more tokens. Now we need to clarify the current situation and must prevent similar financial attacks from happening in the future.”