FTX/Alameda Transfer Sparks Market Volatility in ZRO Token Price

The cryptocurrency market has witnessed another notable development, as a substantial transfer of ZRO tokens by FTX/Alameda to Wintermute has caused a significant drop in the token's price.

According to onchain analysis, FTX/Alameda transferred 4.126 million ZRO tokens, worth $8.17 million, to Wintermute on March 31. This transaction was detected by Yu Jin (EmberCN), an onchain analyst.

The price of ZRO fell by 6% within a few hours after the transfer, from $1.98 to $1.85. Despite this decline, the wallet still holds 30.75 million ZRO tokens, valued at approximately $58.12 million and representing about 10% of the token's current circulating supply.