$ZORA Went Crazy — Up 931%, But No One’s Actually Moving It On-Chain?? 🤨

Okay this is wild — #zora has pumped 931% in just one month, but when we checked the chain... basically no big transactions. Like, not even one over $500K lately lol.

So yeah, this rally seems to be completely driven by #CEXs , especially futures. Here's what I found:

1️⃣ Coinbase is leading in #ZORA spot trading with around $82.6M in 24h volume, but that’s nothing compared to…

2️⃣ Binance futures — they’re going nuts. 24H volume hit $1.354B, which is like 16x more than spot. Clearly, the degens are farming PnL there

3️⃣ Circulating supply is only 35%, and investors/team/treasury tokens will start unlocking in October, so gotta keep that in mind too — dilution might hit.

4️⃣ GSR Markets is running MM duties here.

Honestly, it feels like a full-on CEX casino play right now. No real whales or on-chain players moving big size. If ur trading this, just be extra careful... this type of pump can reverse hard without warning.