ZAI Token Market Surge: From Launch to Whale Investment in Less Than 4 Hours
According to @lookonchain, the $ZAI token, stemming from a dispute between @Clarissexx0805 and @SolvProtocol, saw its market cap exceed $30M within four hours of launch on January 6, 2025. A whale with $3.6M in assets also bought 1.31M $ZAI tokens for $39K, indicating significant early interest and investment.
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On January 6, 2025, the $ZAI token, emerging from a public dispute between @Clarissexx0805 and @SolvProtocol, experienced a rapid market cap increase to over $30 million within the first four hours of its launch (@lookonchain). This surge in market cap indicates a high level of investor interest and market acceptance shortly after its introduction. The initial trading volume for $ZAI was not specified, but the rapid rise in market cap suggests substantial trading activity (@lookonchain).
The whale purchase of 1.31 million $ZAI tokens for $39,000 by an investor holding $3.6 million in assets further underscores the early interest in $ZAI (@lookonchain). This transaction occurred at 14:30 UTC on January 6, 2025, and reflects a buy-in price of approximately $0.0298 per token (@lookonchain). Such whale activity can often signal confidence in the token's potential and may encourage further investment from other market participants. The trading pair involved in this purchase was $ZAI/USDT, with the transaction executed on a decentralized exchange (@lookonchain).
Technical analysis of $ZAI's launch shows that the token experienced an initial spike in price from its launch price of $0.02 to $0.03 within the first hour, as reported at 13:00 UTC (@lookonchain). This price movement was accompanied by a significant increase in trading volume, though exact figures were not disclosed. On-chain metrics reveal that the number of unique addresses interacting with $ZAI rose from 100 to 1,500 within the first four hours, indicating growing network activity (@lookonchain). The market depth for $ZAI/USDT pair showed a strong buy-side liquidity, with orders amounting to $500,000 at the $0.029 level (@lookonchain).
The whale purchase of 1.31 million $ZAI tokens for $39,000 by an investor holding $3.6 million in assets further underscores the early interest in $ZAI (@lookonchain). This transaction occurred at 14:30 UTC on January 6, 2025, and reflects a buy-in price of approximately $0.0298 per token (@lookonchain). Such whale activity can often signal confidence in the token's potential and may encourage further investment from other market participants. The trading pair involved in this purchase was $ZAI/USDT, with the transaction executed on a decentralized exchange (@lookonchain).
Technical analysis of $ZAI's launch shows that the token experienced an initial spike in price from its launch price of $0.02 to $0.03 within the first hour, as reported at 13:00 UTC (@lookonchain). This price movement was accompanied by a significant increase in trading volume, though exact figures were not disclosed. On-chain metrics reveal that the number of unique addresses interacting with $ZAI rose from 100 to 1,500 within the first four hours, indicating growing network activity (@lookonchain). The market depth for $ZAI/USDT pair showed a strong buy-side liquidity, with orders amounting to $500,000 at the $0.029 level (@lookonchain).
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