Recent data indicates that a wallet associated with the LayerZero development team or early investors transferred a significant amount of ZRO tokens to the Binance cryptocurrency exchange.
Transfer of ZRO Tokens
A wallet affiliated with the LayerZero team transferred $3.61 million worth of ZRO tokens to the Binance exchange. This transfer took place approximately 1.5 years ago.
Wallet Status
Currently, the wallet holds 4 million ZRO tokens, valued at $7.23 million. Given LayerZero's total market capitalization of $195 million, it can be inferred that this whale wallet possesses a significant share of the total supply.
Other Whale Movements
It has also been noted that another crypto whale recently staked 7,182 ETH, worth $18.08 million, through Lido Finance after being inactive for 1.5 years. This whale purchased the ETH on Binance for $22.96 million and is currently facing a loss of $4.87 million from this purchase.
These token movements highlight the activity of large investors in the cryptocurrency market, which could impact overall price dynamics.
