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Why I put @PolyhedraZK $ZKJ in the Bear category:
- Price Manipulation
Coordinated whale dumps crashed the price by over 80% in a couple of hours in June 2025.
- Insider Selling
Some onchain analysis showed that early wallets offloaded millions right before the collapse.
- Lack of Liquidity
$ZKJ traded mostly in shallow DEX pools with weak depth and no real trustworthy market makers. When the sell pressure hit, there was zero absorption. The market collapsed instantly.