Analysis: ZORA has had almost no on-chain transactions exceeding $500,000 recently, suggesting possible on-exchange wash trading.

BlockBeats News, July 27th, according to on-chain analyst Ai Yi (@ai_9684 xtpa) who posted on X Platform, ZORA has seen a one-month price increase of 931%, seemingly going through a unique meme coin rally. However, there have been no on-chain records of single transactions over $500,000 recently, indicating possible market manipulation by funds from centralized exchanges (CEX).

ZORA's spot trading volume leader, Coinbase, had a 24-hour trading volume of $82.6 million, while the top leader in contract trading, Binance, had 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 start releasing tokens from the investors/treasury/team starting in October this year. The liquidity provider is GSR Markets.