In June 2025, ZKJ and KOGE tokens on the Binance Alpha platform experienced a significant price crash, raising concerns about liquidity management and potential market manipulation.
Prices Fell: ZKJ and KOGE Tokens
The ZKJ and KOGE tokens dropped over 80% on the Binance Alpha platform. ZKJ fell from $2 to $0.38, while KOGE dropped from $60 to $8. This decline resulted in substantial losses for investors and raised concerns about the platform's operational mechanisms.
Airdrop and Liquidity Risks
The airdrop mechanism on Binance Alpha required users to accumulate points through trading, leading to heightened activity in the ZKJ and KOGE pairs. The situation worsened as large investors started withdrawing liquidity, triggering panic in the market and sharp price declines.
Lessons for Investors
The crash of ZKJ and KOGE serves as an important lesson for investors, highlighting the need for a more rational investment approach and careful analysis of liquidity and token fundamentals. Investors must thoroughly assess the airdrop mechanisms and risks associated with trading pairs.
The situation with ZKJ and KOGE tokens is a reminder of the volatility of the cryptocurrency market and the importance of informed investing.
