The first official statement came after the big Whale collapsed two altcoins! - Binance had changed the rules!

In the past months, there were sudden and sharp declines in some altcoins listed on Binance, which made headlines in the market.

Another drop has been added to these declines. In the last few hours, there has been a significant drop in Binance Alpha tokens Polyhedra Network (ZKJ) and 48 Club Token (KOGE).

In a statement, Binance said that the ZKJ and KOGE tokens on Binance Alpha experienced a drop due to large holders withdrawing their tokens, which led to a liquidation wave in the prices.

Binance announced that it has made a significant rule change in the Alpha program after these dumps. Accordingly, Binance stated that the trading volumes among Alpha tokens will no longer be included in the Alpha Points calculation.

While this get dumped continues to occupy the agenda of the market, an official statement came from the Polyhedra Network team.

Accordingly, the team stated that the drop was caused by abnormal transactions in the ZKJ/KOGE trading pair and said the following:

"Dear Polyhedra community;

We want to emphasize that the foundations of Polyhedra remain strong both in our technology and in the incredible support we receive from our community. We continue to build and progress as planned.

Today's price drop is due to a series of abnormal on-chain transactions that occurred in a very short time in the ZKJ/KOGE trading pair.

Our team is closely monitoring the situation and will share more information as soon as possible. As always, thank you for your ongoing support.

Some investors linked the price drop to the recent unlocking of a token and accused Polyhedra of being malicious.

While there has been no statement from Polyhedra on this matter, the KOGE team stated that the 48 Club never promised that KOGE would have no token lock-up from day one and that it would not sell treasury assets.

In the last 24 hours, ZKJ, which has experienced a get dumped of 83%, continues to trade at $0.34, while KOGE, which has seen a get dumped of 53%, is trading at $29.

Previously, there had been sharp and sudden get dumped on altcoins such as Dego Finance (DEGO), LEVER, OM, ACT, and TST listed on Binance.

*This is not investment advice.

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