$148M VOLUME. 76% IS WASH.
ZRO is up 15.39%. Reported volume is $148.37 million across 76 exchanges.
On-chain data flags 76.3% of transfer volume as wash activity. The credible organic figure is roughly $75.83 million.
That doesn't make the move fake. It makes the headline misleading.
Exchange flow adds a layer. October 29 saw a 4.43 million ZRO net outflow — the largest accumulation signal in 14 days. October 30 flipped to a 2.12 million net inflow. Then price jumped today.
Withdrawal, deposit, pump. That's a sequence worth recognizing. But the wash ratio means part of the volume behind it isn't real demand.
Watching if ZRO holds above $1.65 on organic volume or fades back.
$ZRO
#washtrading #VolumeAnalysis #ExchangeFlows #MarketStructure #onchaindata
ZRO is up 15.39%. Reported volume is $148.37 million across 76 exchanges.
On-chain data flags 76.3% of transfer volume as wash activity. The credible organic figure is roughly $75.83 million.
That doesn't make the move fake. It makes the headline misleading.
Exchange flow adds a layer. October 29 saw a 4.43 million ZRO net outflow — the largest accumulation signal in 14 days. October 30 flipped to a 2.12 million net inflow. Then price jumped today.
Withdrawal, deposit, pump. That's a sequence worth recognizing. But the wash ratio means part of the volume behind it isn't real demand.
Watching if ZRO holds above $1.65 on organic volume or fades back.
$ZRO
#washtrading #VolumeAnalysis #ExchangeFlows #MarketStructure #onchaindata
