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.
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...
LayerZero's token ZRO rose 14% in 24 hours, recovering from a low near $0.796 to trade above $1.00, which has now turned from resistance into support. This rebound follows weeks of decline, with buyers regaining momentum and targeting resistance zone...
