Data: Selling after withdrawing ZKJ and KOGE bilateral liquidity from a certain address on CEX may cause a short-term drop of 3% in both coins

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, the usually stable ZKJ and KOGE experienced a short-term drop of 3% between 21:20 and 22:05 today, likely due to liquidity withdrawal and continuous selling behavior from address 0x364…f18e9.

At 21:49, this address withdrew 1.29 million ZKJ and 8,667 KOGE in bilateral liquidity from OKX, and subsequently:

• Sold approximately $3.1 million of ZKJ at two points in time, 21:21 and 22:05;
• Sold about $550,000 of KOGE at 21:20.

ZKJ's trading volume surged to $12.73 million at 21:21, triggering a continuous decline within 15 minutes, possibly due to panic selling from LPs causing a chain reaction; a similar situation occurred at 22:05. KOGE, being closely tied to ZKJ, also suffered despite the smaller selling amount.