$ZORA went online with a high valuation opening, completely driven by emotions, and the actual user growth, on-chain activity, and valuation are severely mismatched.
VCs and project parties hold a large number of chips, and there have already been multiple rounds of release signals after going online, which is very likely to continue to put selling pressure. A waterfall-style drop could happen at any time.
The hype around ZORA is nearing its end, with a dual divergence in fundamentals and technicals, already bringing fans to short with a target of 0.06.
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