Analysis: There are almost no single transactions of more than 500,000 US dollars on the ZORA chain recently, which is suspected to be a fund operation in CEX
3hours ago
According to Odaily Planet Daily, chain analyst Ai Yi (@ai_9684 xtpa) posted on the X platform that ZORA has increased by 931% in one month, as if it has emerged from an independent copycat market, but there are no single transactions of more than 500,000 US dollars on the chain recently, which is suspected to be operated by funds in CEX. Coinbase, the top 1 spot trading volume of ZORA, has a 24-hour trading volume of 82.6 million US dollars, while Binance, the top 1 contract trading volume, has a 24-hour trading volume of 1.354 billion US dollars, which is 16.4 times the spot volume; ZORA has a circulation ratio of 35%, and will release some tokens of investors/treasury/teams from October this year, and the real business is GSR Markerts.
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