2Z Token Faces 4.19% Drop After Major Unlock and SEC Utility Classification Amid Market Volatility

The 2ZUSDT token saw a 4.19% decline in the past 24 hours, opening at 0.08599 USDT and currently trading at 0.08239 USDT on Binance. This price movement is mainly attributed to the recent unlock of 139.7 million tokens, which increased the circulating supply and contributed to selling pressure, as well as ongoing market volatility. Additional factors influencing price include the SEC's classification of 2Z as a utility token, the launch of the Edge real-time market data platform, DZDP Phase II network upgrades, and sustained institutional interest from Grayscale. Over the last week, DoubleZero has demonstrated notable activity, with a market capitalization around $298–$302 million, 24-hour trading volume reported near $29.49 million on Binance, and a circulating supply of approximately 3.47 billion tokens.