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Binance Sees $4.92M ZRO Spot Volume as LayerZero Token Struggles Post-Unlock

Binance Sees $4.92M ZRO Spot Volume as LayerZero Token Struggles Post-Unlock

Published:
2025-08-07 16:32:41
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LayerZero's ZRO token continues to face downward pressure, trading at $1.74 with a 1.86% decline following its recent 25.71 million token unlock on July 20. The unlock event increased circulating supply by 23%, overshadowing positive developments such as integrations with Alchemix and Stargate. Technical indicators suggest the token may be entering oversold territory, with the RSI currently at 35.34. Despite the price struggles, Binance has recorded significant spot volume of $4.92 million as traders actively respond to ZRO's price fluctuations. The market appears to be digesting the supply shock while weighing both the technical indicators and fundamental developments surrounding this cross-chain interoperability protocol.

LayerZero (ZRO) Price Struggles Near $1.74 Amid Token Unlock Pressure

LayerZero's ZRO token faces sustained selling pressure, trading at $1.74 with a 1.86% decline as markets digest a 25.71 million token unlock. The July 20 release expanded circulating supply by 23%, overwhelming positive developments including Alchemix and Stargate integrations.

Technical indicators suggest potential oversold conditions, with the RSI at 35.34. Binance spot volume reached $4.92 million as ZRO fluctuated between $1.66 and $1.83, reflecting cautious trader sentiment toward the newly unlocked supply.

BRETT Memecoin Gains Traction with Binance US Listing

BRETT, the emerging memecoin, has secured a pivotal listing on Binance US, marking a significant milestone for its accessibility in the U.S. market. The token, now tradable as a USDT pair, joins an exclusive group of memecoins available on the platform, including Dogecoin and Shiba Inu. Deposits and withdrawals will be facilitated via the Base network, streamlining transactions for traders.

The listing arrives amid a broader push for crypto regulatory clarity in the U.S., potentially amplifying BRETT's liquidity and adoption. Despite a 27% price decline over the past two weeks, the coin has shown modest gains recently, trading at $0.052. This development underscores memecoins' enduring appeal as a high-growth segment of the digital asset ecosystem.

Crypto Tokens Surge from 20,000 to 18.9 Million in Three Years Driven by Solana, Base, and BSC

The number of tradable crypto tokens has skyrocketed from 20,000 in 2022 to an estimated 18.9 million by mid-2025, marking a 945-fold increase. This explosive growth is largely concentrated on three high-throughput blockchains: Solana, Base, and BNB Smart Chain (BSC), which account for 90% of new token creation.

Solana has emerged as the epicenter of this frenzy, with approximately 18 million new tokens minted in the past year alone. Platforms like Pump.fun have facilitated the creation of 11.4 million SPL tokens by late July 2025, up 31% from March 2025. Low fees, no-code launchpads, and a culture of rapid experimentation have fueled this unprecedented expansion.

While most new tokens are micro-cap assets launched for speculation or virality, the trend underscores the democratization of token creation. The combined output of these three networks now dwarfs token creation on Ethereum, Polygon, Arbitrum, and other major chains.

BNB Price Retreats to $767 After Record Rally, Institutional Adoption Continues

Binance Coin (BNB) has pulled back to $767.17, marking a 1.49% decline after its recent surge to an all-time high of $852. The retreat follows a historic rally fueled by Binance's $1 billion token burn and growing institutional interest.

The RSI at 55.01 suggests neutral momentum, leaving room for either consolidation or continuation of the uptrend. Market participants remain focused on the $2,000 price target as the BNB Chain ecosystem expands.

Institutional adoption gained momentum with the launch of BNB Treasury Company, backed by YZi Labs and 10X Capital. This development could unlock significant capital inflows, reinforcing BNB's position as a cornerstone of the crypto economy.

Web3 Leaders Must Adapt Or Be Left Behind, Says CZ

Changpeng Zhao, founder of Binance, delivered a stark warning to the blockchain community: adapt or risk obsolescence. "Change will happen with or without you," he declared in a July 31, 2025 post on X. The message underscores the relentless pace of innovation in crypto, where stagnation is not an option.

Even after stepping down as CEO, CZ remains a vocal force in shaping the sector's trajectory. His call to action targets developers, entrepreneurs, and investors alike, urging them to prioritize product quality and embrace transformation. The alternative? Being left behind as the industry evolves.

UNI Tests Key Support Levels Amid Technical Sell-Off

Uniswap's native token UNI fell 3.77% to $8.92 as technical indicators flashed warning signals. The decline comes without fundamental catalysts, pointing to broader market pressures rather than protocol-specific concerns.

Binance spot markets recorded $74.9 million in UNI volume during the sell-off, with prices testing a critical $8.48 support level. The RSI's descent toward oversold territory at 44.27 suggests potential for a near-term rebound if buyers step in.

MACD readings confirm bearish momentum at -0.2679, though the narrowing Bollinger Bands indicate volatility compression. Traders appear to be watching the $8.48 level as a make-or-break zone for UNI's short-term trajectory.

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