According to Ai 姨 (@ai_9684xtpa), following the flash crash of ZKJ and KOGE, Alpha's 24-hour trading volume has declined for eight consecutive days, reaching a monthly low of $770 million (source: Twitter, June 16, 2025). The number of addresses engaged in Alpha 16-point farming dropped to 86,000, down from a peak of 115,000. High volatility now impacts all major trading pairs, making it challenging for traders to identify reliable farming targets. This downturn in activity and liquidity signals increased risk, and traders are advised to closely monitor exchange order book depth and volatility metrics before entering positions. The sharp decline in user participation and volume may continue to affect the broader crypto market, particularly for tokens with similar profiles.

According to Ai 姨 (@ai_9684xtpa), both ZKJ and KOGE tokens experienced a severe flash crash tonight, which was orchestrated through a coordinated effort by three major addresses. These addresses targeted the unusually high trading volume and liquidity under the Binance Alpha context, executing large-scale liquidity withdrawals combined with continuous heavy selling. This dual pressure resulted in the sequential collapse of both ZKJ and KOGE tokens, with neither escaping the market impact. Traders are advised to closely monitor liquidity movements and large address activities, as such manipulative actions can lead to rapid price declines and increased volatility. Source: Twitter (@ai_9684xtpa, June 15, 2025).