GSR, an important player in the cryptocurrency market, sold 310 thousand units on September 29. LayerZero(ZRO) transferred to Binance exchange. After this transaction worth approximately $1.54 million, 5.446 million ZRO coins worth $27.07 million remained in GSR’s wallet address.
GSR and Amber Group’s ZRO Assets
TheDataNerd According to on-chain data detected by GSR, GSR’s high ZRO continues to attract attention. However, GSR’s transfer of 310 thousand ZRO coins to Binance stood out as an intriguing move in the market. The amount of ZRO remaining in GSR’s wallet is 5.446 million coins, worth approximately $27.07 million.
The transaction in question GSRIt led to comments that ZRO was preparing to reduce its assets and make another strategic move.
On the other hand, another major market maker Amber Group It also has an important position in ZRO. Amber Group has 4.44 million ZRO coins in its wallet. The value of this amount reaches approximately 22.11 million dollars. GSR and Amber Group’s dominance over ZRO is considered a striking element in the cryptocurrency market.
Strategic Moves of Market Makers
This move of GSR cryptocurrency It reveals the strategic plans of the big players in the world. This transfer to a major cryptocurrency exchange like Binance is seen as part of a short-term plan by GSR. Amber Group has a ZRO portfolio of similar size, giving ZRO a highly reliable position in the market. altcoin shows that it is.
After the transaction detected in the chain, the LayerZero community has closely followed the transactions of GSR and Amber Group in the altcoin. Because the transactions of these two leading players may increase the volatility in ZRO and cause short-term fluctuations in the value of ZRO.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
