LayerZero (ZRO) Falls 14.5% to $2.08 After Two Days of Exchange Inflows
- —ZRO dropped 14.5% to $2.08 on October 13
- —About 2.56 million ZRO flowed onto exchanges on October 11–12, including 1.56 million on October 12 alone
- —Wash trading accounts for 80.9% of transfer volume across 752 wallets
- —Retail float is just 0.1% of supply; the largest accumulator wallet holds 4.17 million ZRO
Why it matters: ZRO's price hinges on large-holder positioning: renewed net inflows above 1 million ZRO per day would recreate the sell pressure behind the drop.
Source: Coincu