[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  BSCN [@BSCNews](/creator/twitter/BSCNews) on x 1.3M followers Created: 2025-06-16 06:15:03 UTC POLYHEDRA’S ZKJ TOKEN TANKS XX% IN A DAY AMID ON-CHAIN CHAOS - Polyhedra Network’s token $ZKJ collapsed by XX% within XX hours following unusual on-chain moves that wiped out nearly half a billion dollars in market value. - The crash began Sunday, with ZKJ plummeting from $XXXX to $XXXX in XX minutes. It briefly rebounded to $1.41, then dropped again to $0.33, where it now hovers. - Binance says a liquidation cascade began after large holders suddenly pulled liquidity from the market. - Three wallets farming Binance Alpha Points reportedly dumped millions worth of ZKJ and $KOGE tokens. These moves caused a chain reaction across the token’s liquidity pools. - The timing also coincided with a token unlock that added XXXX million ZKJ to circulation. Though some blame the crash on that, no official link has been confirmed. - Binance has since changed its Alpha Points rules. Starting June 17, volume between Alpha token pairs won't count toward point scores, to reduce manipulation and risk. - Polyhedra says the network’s core remains solid and blames the crash on “abnormal transactions” in the ZKJ/KOGE pair. It has begun a review and promised to release updates shortly. - The incident also draws new scrutiny on the role of points-based incentives and liquidity farming across DeFi, especially when mixed with low-float tokens and sudden unlocks. Image: Polyhedra X platform and KuCoin  XXXXXX engagements  **Related Topics** [24 hours](/topic/24-hours) [binance](/topic/binance) [$zkj](/topic/$zkj) [networks](/topic/networks) [onchain](/topic/onchain) [token](/topic/token) [Post Link](https://x.com/BSCNews/status/1934494916237025322)
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BSCN @BSCNews on x 1.3M followers
Created: 2025-06-16 06:15:03 UTC
POLYHEDRA’S ZKJ TOKEN TANKS XX% IN A DAY AMID ON-CHAIN CHAOS
Polyhedra Network’s token $ZKJ collapsed by XX% within XX hours following unusual on-chain moves that wiped out nearly half a billion dollars in market value.
The crash began Sunday, with ZKJ plummeting from $XXXX to $XXXX in XX minutes. It briefly rebounded to $1.41, then dropped again to $0.33, where it now hovers.
Binance says a liquidation cascade began after large holders suddenly pulled liquidity from the market.
Three wallets farming Binance Alpha Points reportedly dumped millions worth of ZKJ and $KOGE tokens. These moves caused a chain reaction across the token’s liquidity pools.
The timing also coincided with a token unlock that added XXXX million ZKJ to circulation. Though some blame the crash on that, no official link has been confirmed.
Binance has since changed its Alpha Points rules. Starting June 17, volume between Alpha token pairs won't count toward point scores, to reduce manipulation and risk.
Polyhedra says the network’s core remains solid and blames the crash on “abnormal transactions” in the ZKJ/KOGE pair. It has begun a review and promised to release updates shortly.
The incident also draws new scrutiny on the role of points-based incentives and liquidity farming across DeFi, especially when mixed with low-float tokens and sudden unlocks.
Image: Polyhedra X platform and KuCoin
XXXXXX engagements
