news 
After the brutal market attack, which resulted in a massive sell-off and significant loss of liquidity for ZKJ token holders, Polyhedra is taking drastic measures to save its asset. The company has announced it will launch buyback programs to ease selling pressure on the market and protect its loyal investors.
According to recent reports, an abnormal sequence of transactions has been detected in the crypto markets, resulting in the catastrophic 80% drop in ZKJ’s value over a mere 24 hours. It appears that numerous wallets, including one linked to Wintermute, have sold off substantial amounts of the token, further exacerbating the decline.
In an effort to mitigate the damage caused by this unexpected turn of events, Polyhedra has pledged to conduct buybacks to stabilize the market and secure its investors’ interests. The company is not only committed to preserving the integrity of ZKJ but also plans to work on new security measures designed to prevent such attacks in the future.
A significant aspect of the debacle was the injection of $30 million in liquidity by Polyhedra during the crash, which unfortunately had little effect as most funds were converted into ZKJ due to the relentless downward pressure.
Source: crypto-economy.com
