Polyhedra's ZKJ token experienced a catastrophic crash on June, 15, 2025, plummeting from approximately $2 to as low as 32 cents in under an hour due to what the team described as a coordinated financial attack.

Event date

June 15, 2025

Quotes that support claims

According to on-chain data, the ZKJ token fell 60% from $1.92 to $0.76 in a 90-minute window on June 15 at 2:32 am UTC. Later that Sunday, at about 9:25 pm UTC, the price plummeted from roughly $0.77 to 32 cents in a matter of hours, an 83% price crash in just 24 hours. The price drop wiped out roughly $500 million in market value at the time.

On Sunday, the price of ZKJ dropped from roughly $2 to 30 cents in a matter of hours. On Monday, Polyhedra posted an initial report examining the potential causes of the price crash.

On June 15, ZKJ plunged from roughly $2 to just 32 cents in under an hour, losing nearly $500 million in market cap

Tags

Week 25 of 2025