$ZORA ZORA Team Moves 52.5 Million Tokens, Raising Suspicions Of Selling Pressure

Onchain data today 14/12 recorded suspicious large scale fund movements from wallet addresses believed to belong to the ZORA team.

🔸 Approximately 52.525 million tokens ZORA worth over $2.6 million were transferred to 3 new addresses today.

🔸 Shortly after, one of these wallets forwarded 10.535 million tokens worth approximately $520,000 to another intermediate wallet.

🔸 Currently, the remaining tokens worth about $2.1 million are sitting idle with no further signs of movement.

Project teams moving large amounts of tokens to unknown wallets without prior notice often raises concerns about selling pressure on the community. Is this distribution to Market Makers or a sign of insider exit?

News is for reference, not investment advice. Please read carefully before making a decision.