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Polyhedra Network’s governance token, ZKJ, experienced an 83% price drop following abnormal on-chain transactions. The sudden liquidity crunch led to a market cap loss of nearly $500 million in just hours.
- ZKJ token price dropped 83% in a single day due to abnormal transactions.
- Binance cited a liquidity crunch from large holders removing tokens as the cause.
- Market cap loss reached nearly $500 million in under nine hours.
📎 Related coverage from: cointelegraph.com