2Z Token Surges 5.55% After SEC Utility Status, Grayscale Interest, and Solana Delegation Expansion

The price of 2ZUSDT has increased by 5.55% over the past 24 hours, opening at $0.07676 and currently trading at $0.08102 on Binance. This positive movement follows a period of volatility triggered by the April 2 unlock of 139.7 million tokens, which had initially led to increased selling pressure and price declines. Subsequent institutional interest—particularly from Grayscale—and regulatory clarity with the SEC's classification of 2Z as a utility token, alongside the token's listing on XBO, have contributed to renewed buying momentum and price recovery. DoubleZero's ongoing ecosystem initiatives, including the Phase II Delegation Program aimed at decentralizing Solana validators, have further supported market sentiment. The current market capitalization is approximately $275 million, with a circulating supply near 3.47 billion tokens and a 24-hour trading volume around $9 million, reflecting continued activity and volatility across exchanges.