Analysis: ZKJ flash crash or contract OI profit exit, with a profit amount of approximately $40 million

Odaily Planet Daily News: According to analysis by X platform user @ defiuBio, the ZKJ contract holdings plummeted by 85% from $200 million to $20 million, and the contract trading volume exceeded Pepe. Full inventory on the chain is only a little over 3 million US dollars, and it's impossible to make a fortune. The second point directly confirms that there is no intervention from Gouzhuang. Since January 25, ZKJ has had a contract position of 100 million US dollars, and there is no data to support it. It is external capital intervention. Generally speaking, profiting from contracts is not the main means for market makers. Let me analyze: 1. ZKJ spot smashing has limited profits and involves KOGE trading pairs; 2. The size of the contract profit is roughly calculated based on a 20% change in OI, with 20% of $200 million being $40 million. In comparison, for a market maker or project party, a profitable exit from OI is the optimal solution. Regarding this, @ 48ClubIan, the project team of KOGE, responded by saying, "Thank you for your suggestion. Contract analysis is our business weakness and we are not good at it. Personally, I only follow orders on Binance and KOGE has not launched contracts, so we did not investigate this direction. ” For details about the KOGE token decline incident, please refer to the article "KOGE, ZKJ close overnight, Binance Alpha forced to grow".