Analysis: The recent surge in ZORA is suspected to be a fund manipulation in CEX
According to online reports, online analyst@ai_9684xtpa posted an article on the X platform saying that ZORA has increased by 931% in a month, as if it has emerged from an independent copycat market, but the chain has not even seen a single transaction record of more than US$500,000 recently. It is suspected that funds in CEX are trading. The TOP 1 Coinbase 24H trading volume of ZORA spot trading volume is US$82.6 million, while the TOP 1 Binbase 24H trading volume of contract trading volume is US$1.354 billion, which is 16.4 times that of spot;ZORA has a circulation ratio of 35%, and some investors/treasury/team tokens will be released starting from October this year. The market maker is GSR Markers.
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