According to Lookonchain, a sharp liquidity pull and aggressive selling activity triggered a significant price decline for ZKJ, resulting in a wave of liquidations that saw six traders each lose more than $1 million on long positions. This event has heightened volatility and risk sentiment across the crypto market, making ZKJ a key focus for short-term traders and increasing attention on liquidation cascades in high-leverage environments (Source: Lookonchain, June 15, 2025).