• Polyhedra Community (ZKJ) tokens plummeted 91% after extraordinary on-chain exercise.
• Binance denounced the whale exit and the liquidation cascade of token crashes.
• The upcoming June nineteenth Token Lock may trigger additional value drops.

The cryptocurrency market has as soon as once more been shaken by a dramatic value collapse. This time, Polyhedra Community’s native token ZKJ is concerned.

ZKJ tokens suffered an unprecedented decline of over 91% in below 24 hours, sending shockwaves throughout the alternate, eliciting scrutiny from regulators, buyers and analysts.

ZKJ had been steadily buying and selling $2.00 for over a month, however on June 15, 2025, it hit a report low of $0.2676, wiping out practically $500 million in market capitalization.

This value crash has sparked severe considerations about liquidity threat, the talknomic construction and the impression of large-scale holders on decentralized finance.

What causes the sudden collapse of polyhedra community (ZKJ) value?

The value collapse of ZKJ started early on June fifteenth when the Polyhedra community was posted to X (previously Twitter).

Expensive Polyhedra Neighborhood – We wish to emphasize that the foundations of Polyhedra stay sturdy, each in our know-how and unimaginable assist from our neighborhood. We’re constructing and transferring ahead as deliberate.
In the present day’s value drop was brought on by a sequence of abnormalities…

– Polyhedra (@polyhedrazk) June fifteenth, 2025

Inside hours, the token value plummeted over 83% as market individuals scrambled to know what brought about the meltdown.

Binance later turned heavy, and the collapse was attributed to a liquidity disaster brought on by a big withdrawal involving Koge, a token that was carefully paired with ZKJ.

Based on the alternate, these withdrawals created a “liquidation cascade” as main wallets started offloading their holdings.

Binance reveals that ZKJ and Koge have skilled vital value volatility, and preliminary findings present that builders have eliminated liquidity within the chain and eliminated liquidation cascades available in the market.

To take care of market equity… pic.twitter.com/o89hprvaqz

– Binance (@binance) June fifteenth, 2025

As soon as Koge’s USDT pool was discharged, the merchants moved their belongings into the ZKJ/USDT pool, which rapidly turned overloaded.

This sudden shift overwhelmed the system, accelerated gross sales and deepened the decline in ZKJ’s worth.

Massive-scale withdrawals and whale actions

Blockchain information Revealed some wallets that had actively farmed Alpha Factors earlier than the crash.

With only one pockets, I withdraw greater than $3.7 million at Koge and $530,000 at ZKJ.

The opposite two wallets mixed have been withdrawn practically $5 million, additional strengthening the downward spiral.

These actions counsel the involvement of large-scale holders, generally referred to as whales, whose exits could have brought about cascade liquidation throughout leveraged areas.

A fall in costs stimulated margin calls, resulting in pressured liquidation that exacerbated gross sales stress.

Though some neighborhood members have speculated about foul play, there isn’t any main blockchain analytics platform that examined such claims.

Polyhedra claims to be conducting a radical evaluate, claiming that its core know-how stays unaffected.

Binance has modified the Alpha Factors guidelines for ZKJ and Koge

In response to the developments, Binance has introduced main adjustments to its Alpha Factors Rewards program.

Beginning June seventeenth, transactions between Alpha Tokens, together with ZKJ and Koge, will not be counted within the calculation of Alpha Factors.

This coverage shift goals to scale back systemic threat and stop intensive buying and selling behaviors that may trigger market obstacles to surge.

Binance’s resolution is seen as a optimistic step to revive market integrity and cut back operation.

Future token unlocks add to bearish stress

Including extra investor anxiousness is the upcoming unlock of the 15.5 million ZKJ tokens scheduled for June nineteenth.

Valued at round $10 million, the unlock might be flooding the market with new provide when confidence is already shaking badly.

On condition that this represents greater than 5% of present distribution provide, market analysts warn that one other sharp drop may happen if the holder rushes to promote at unlock.

The timing did not worsen because the tokens had already plummeted.