2Z Token Slides 4.91% Despite SEC Clarification and Grayscale Interest Amid Liquidity Shifts
2ZUSDT experienced a 4.91% decrease in price over the past 24 hours, with the Binance spot price falling from 0.08109 to 0.07711 USDT. The price change is primarily attributed to continued bearish sentiment following recent liquidity shifts and technical indicators pointing to downward pressure, despite positive developments such as Grayscale's inclusion of 2ZUSDT in its Assets Under Consideration list and the SEC's no-action letter clarifying that 2ZUSDT is not considered a security. Additionally, upcoming technical roadmap updates, including Solana integration and onchain finance, were announced but have not yet provided significant support to the price.
The current market overview shows 2ZUSDT trading at 0.07711 USDT on Binance, with robust 24-hour trading volume reported across major exchanges and a circulating supply of approximately 3.47 billion 2Z, while market capitalization stands at $282.57 million according to Binance.