Polyhedra Network’s governance token, ZKJ, plummeted 83% on Sunday, dropping from $2 to 31 cents due to abnormal on-chain transactions involving the ZKJ/KOGE trading pair. Binance attributed the crash to a liquidity crunch caused by large holders withdrawing tokens, triggering a liquidation cascade. The token’s market cap fell by nearly $500 million in under nine hours, with some trackers reporting the plunge occurred in less than two hours. Polyhedra is investigating the incident, which highlights the volatility and risks in the crypto market.
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0 posts last weekWarren Buffett’s $196.7B Stock Picks Before Exit
Ahead of his planned departure from Berkshire Hathaway in 2025, Warren Buffett has concentrated over 70% of the firm’s assets into seven key stocks, totaling $196.7 billion. The portfolio includes Apple ($58.9B), American Express ($43.6B), Coca-Cola ($28.4B), Bank of America ($27.8B), Chevron ($17.3B), Occidental Petroleum ($12.3B), and Kraft Heinz ($8.4B). These picks align with Buffett’s preference for durable, dividend-paying companies. Meanwhile, Berkshire holds a massive $347.7 billion in cash. Buffett has named Greg Abel as his successor to uphold the firm’s legacy of value investing.
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