A LayerZero-linked wallet transferred 2 million ZRO tokens worth about $1.93 million to Binance, raising concerns about potential selling pressure amid already weak market sentiment. Futures markets show dominant selling activity with traders favoring short-term downside bets, while Open Interest rose 8.48% to $84.92 million, indicating increased speculative positions despite bearish conditions. ZRO trades within a descending channel, recently testing the $0.80 support level, which is crucial for potential recovery or further decline. Market caution remains high as traders watch if buyers can defend this support to shift sentiment positively or if sellers will push prices lower.
Meteora (MET2) led Upbit's sentiment rankings with a 'Fear & Greed' score of 97, indicating extreme greed and crowded positioning. Despite a modest 1.65% price increase to 247 won, trading volume surged to about 23.87 billion won, showing strong mark...
LayerZero (ZRO) experienced a price decline after a whale sold 3.51 million ZRO tokens worth $3.96 million to Binance amid three consecutive days of lower lows. This selling pressure has weakened the market, pushing ZRO below its key $1 support level...
An address linked to the LayerZero (ZRO) team or an early investor transferred 3.51 million unlocked ZRO tokens to Binance. These tokens had no vesting restrictions, making them freely tradable, which often signals potential selling pressure. However...
