LayerZero faces heavy selling as whale offloads $3.96M in ZRO, risking a drop below $1 support.

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 and increasing the risk of a further drop towards $0.88. Despite the sell-off, the whale still holds 1.2 million ZRO, indicating they have not fully exited. The market shows minimal bullish momentum, suggesting the downtrend may continue unless $1 support holds and triggers a rebound towards $1.3.