2Z Token Surges 4.3% as Grayscale Eyes Asset, SEC Confirms Utility Status, Trading Hits 27M

In the last 24 hours, DoubleZero (2ZUSDT) saw a price increase of 4.30% on Binance, rising from 0.07833 to 0.08170 USDT. This price change is primarily attributed to several significant developments: a large token unlock of 139.7 million 2Z, renewed institutional interest evidenced by Grayscale adding 2Z as an asset under consideration, and the SEC’s confirmation of its utility token status. Additional positive momentum came from the launch of DoubleZero Edge and DZDP Phase II, which eliminated validator network fees and introduced new revenue streams. Trading volume remains strong, with Binance reporting 27.32 million 2Z traded in the past 24 hours, and the market capitalization is estimated between $240 million and $275.90 million. Overall, recent regulatory clarity and institutional activity have contributed to increased investor confidence and active trading, resulting in notable price movements and high trading volumes for 2ZUSDT.