Analysis: ZORA has had almost no on-chain transactions exceeding $500,000 recently, suggesting possible fund manipulation within a centralized exchange (CEX).

BlockBeats News, July 27th, According to on-chain analyst Ai Auntie (@ai_9684 xtpa) posted on X platform, ZORA has seen a 931% price increase in the past month, appearing to have entered an independent altcoin rally. However, there is no on-chain record of single transactions exceeding $500,000 recently, indicating that funds from a centralized exchange (CEX) may be manipulating the market.

ZORA's spot trading volume leader is Coinbase with a 24-hour trading volume of $82.6 million, while the leading exchange in contract trading is Binance with a 24-hour trading volume of $13.54 billion, which is 16.4 times that of spot trading; ZORA has a circulating supply ratio of 35% and will begin releasing tokens from investors/treasury/team starting in October this year, with GSR Markets as the liquidity provider.