<ul data-eligibleForWebStory="true"><li>Polyhedra Network's ZKJ token price plummeted 83% in 24 hours, reaching lows of $0.26 due to profit-taking and abnormal liquidity crisis.</li><li>Top holders of ZKJ reported substantial losses amidst the sharp decline in price.</li><li>The crash was part of a wider crypto market sell-off triggered by investor concerns over escalating tensions between Israel and Iran.</li><li>On-chain data revealed significant withdrawals of liquidity from the ZKJ/KOGE trading pair, leading to a cascade of liquidations.</li><li>Binance announced adjustments to Alpha Points calculation rules to enhance market fairness and stability.</li><li>The near-term outlook for ZKJ remains bearish with potential further declines below $0.25, despite the possibility of recovery to $0.30-$0.40 range.</li><li>Long-term prospects will hinge on addressing manipulation allegations and improving market sentiment.</li><li>Polyhedra Network's price is currently 96% below its all-time high of $9.56 from March 2024.</li></ul>

Polyhedra’s ZKJ nosedives 83%: what happened?

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