{"id":609353,"date":"2026-06-19T00:00:03","date_gmt":"2026-06-19T04:00:03","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=609353"},"modified":"2026-06-18T07:13:57","modified_gmt":"2026-06-18T11:13:57","slug":"layerzero-whale-dumps-3-96m-in-zro-can-bulls-defend-1","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/layerzero-whale-dumps-3-96m-in-zro-can-bulls-defend-1\/","title":{"rendered":"LayerZero whale dumps $3.96M in ZRO – Can bulls defend $1?"},"content":{"rendered":"

After recovering from the recent hacking crisis, LayerZero [ZRO<\/a>] reclaimed $1 and jumped to $1.2. However, the altcoin faced rejection at this price level. <\/span>As a result, ZRO has closed at lower lows for three consecutive days, breaching $1 support to a low of $0.09.\u00a0<\/span><\/p>\n

At press time LayerZero traded at $1.007, down 5.7% on the daily charts. Amid this price slip, some investors, especially whales, are choosing to exit positions.\u00a0<\/span><\/p>\n

Whale offloads $3.96M in ZRO<\/h2>\n

With ZRO<\/a> declining for three consecutive days, a whale has significantly increased spending. <\/span>Arkam data revealed that the whale has been aggressively selling over the past 24 hours.\u00a0<\/span><\/p>\n

In the past day, the wallet transferred 3.51 million ZRO tokens worth $3.96 million to Binance, making the moves in portions. Despite these deposits, the wallet still holds 1.2 million ZRO valued at $1.2 million.<\/span><\/p>\n

With such a major holder depositing during a period of weakness, it is mostly to lock in gains and also operational expenses. Since the wallet still holds a significant share of holdings, it suggests the holder is yet to fully capitulate.<\/span><\/p>\n

\"LayerZero<\/a>
Source: Santiment<\/figcaption><\/figure>\n

Additionally, other market participants have also been selling as the Exchange Flow Balance remained positive at press time, hovering around 5k. A positive flow balance suggests that more sellers are active than buyers.<\/p>\n

With intense sell-side activity, supply has increased significantly, thus reducing scarcity. Often, such market conditions have further weakened the market, leading to a price drop.<\/p>\n

Can ZRO bulls hold $1?<\/strong><\/h2>\n

The whale selling further exacerbated an already weakened market. In fact, the market lacks strong momentum, with downside risk remaining elevated.<\/p>\n

Looking at the Stochastic Momentum Index (SMI), the indicator sat deep within oversold territory at 6 as of writing. The SMI at such low levels suggests that sellers are dominating the market.<\/p>\n

\"ZRO<\/a>
Source: TradingView<\/figcaption><\/figure>\n

With bullish pressure remaining minimal, this suggests the prevailing trend is likely to continue. Currently, LayerZero is testing its key support at $1. If the recent selling spree in the market continues, ZRO will lose the $1 support again and drop towards the $0.88 support level.<\/p>\n

However,\u00a0if the $1 support holds, the altcoin will be strong enough for another leg up, rebounding towards $1.3.<\/p>\n

\n

Final Summary<\/h2>\n
    \n
  • An investor wallet transferred 3.51 million ZRO tokens, worth $3.96 million, to Binance.<\/span><\/em><\/li>\n
  • LayerZero faces intense selling pressure, risking another dip toward $0.88.\u00a0<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    ZRO’s oversold SMI signals sellers\u2019 dominance, risking drop below $1 support.<\/p>\n","protected":false},"author":94,"featured_media":609389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,4,20],"tags":[],"class_list":["post-609353","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nLayerZero whale dumps $3.96M in ZRO - Can bulls defend $1? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"An investor wallet that received LayerZero tokens 2 years ago transferred 3.51 million ZRO tokens, worth $3.96 million, to Binance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/layerzero-whale-dumps-3-96m-in-zro-can-bulls-defend-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LayerZero whale dumps $3.96M in ZRO - Can bulls defend $1? 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