Today $ZKJ /USDT suffered a brutal drop of more than 80% in a few hours, falling from nearly $2 to $0.30-$0.40 on Binance Futures.
๐ Main cause: large 'whales' withdrew approximately 15.5M ZKJ (over $10M), causing panic and massive liquidations.
โ ๏ธ At a critical moment, such events trigger a chain reaction: insufficient liquidity โ margin calls โ liquidations.
๐ DeFi repeats patterns: poor tokenomics planning and poorly structured incentive dependencies.