Polyhedra Network's token ZKJ drops 83% due to abnormal trades and liquidity issues.

From Cointelegraph

June 15, 2025 9:25 pm:

Polyhedra Network (ZKJ) saw an 83% drop after abnormal on-chain transactions with KOGE trading pair, causing a liquidity crunch. Binance attributed the collapse to large holders removing tokens, leading to a market liquidation cascade. Allegations of foul play and token unlock surfaced, but no major analytics platform has confirmed them.
The ZKJ token plummeted 60% in a 90-minute period before briefly rising and then falling again. Market value loss amounted to nearly $500 million due to ZKJ’s sharp decline. Binance announced changes to Alpha Points calculation rules to enhance market fairness and reduce systemic risks, effective June 17.
Polyhedra plans a post-mortem on the price drop, emphasizing that the network’s fundamentals remain intact. The ZKJ token’s price fluctuations over a 24-hour period have been significant, with a sharp fall from $1.92 to $0.32. Investors are closely monitoring the situation for further developments.

Read more at Cointelegraph: Polyhedra’s Token Tanks 83% After Abnormal Trades