According to online reports, online data analyst Ai Aunt (@ai_9684xtpa) issued a document providing further analysis of tonight's KOGE and ZKJ flash crashes: 1. Why hit KOGE first and then ZKJ? Perhaps the most important reason is that ZKJ has contracts, and they can simultaneously smash orders on the chain by opening short positions on the exchange; secondly, from the perspective of liquidity, ZKJ's liquidity will be better, and it will cost more money to smash orders. 2. Why did it start to smash at 8:30 and the performance of the two tokens on the K-line was delayed? Both ZKJ and KOGE are famous for having good liquidity + stable currency prices, so the LP range is extremely narrow. After a large number of breaches through this range, there is not enough funds to undertake sell orders, and the LP will inevitably collapse. When the currency price falls, there will also be panic flight, and a vicious cycle will cause the currency price to collapse further; what will happen to those LPs that have not yet run? I bought it as ZKJ and KOGE. 3. Why did you choose to sell tonight? Aunt Ai speculated that the decline in Alpha's trading volume for several consecutive days may be the trigger, and the withdrawal of huge LPs is also a "fast running" game. Especially since there are few believers in ZKJ and KOGE's holders, and everyone is going for interest, then the collapse of the building only requires the rupture of a load-bearing pillar.