1M ZRO moved to Binance raises sell pressure risk amid weak price and heavy long liquidations.

A wallet linked to LayerZero deposited 1 million ZRO tokens worth $1.43 million into Binance, signaling potential selling pressure as tokens move closer to market participants. Despite this, broader market data shows net outflows from exchanges, indicating overall reduced sell-side pressure. However, ZRO's price broke below key support levels, with RSI and heavy long liquidations confirming ongoing bearish momentum. The large remaining reserve of 29 million ZRO held by the wallet adds to supply concerns, suggesting the price may test lower demand zones near $1.20 if current conditions persist.