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Address Transfers 978,000 ZRO to Major CEX as LayerZero Token Plunges 18%

GateNews
Price VolatilityOn-Chain Data
ZRO-1.07%

Gate News message, April 19 — A Polymarket user address deposited 978,000 ZRO tokens worth approximately $1.57 million to a major CEX 20 minutes ago, according to on-chain analyst Ember.

LayerZero’s ZRO token fell 18% today following the rsETH vulnerability incident, in which the cross-chain bridge was exploited by hackers. The token’s price declined from $1.90 to $1.50.

The transferred ZRO batch was withdrawn from the major CEX two weeks ago when it was valued at approximately $2.04 million, representing a loss of roughly $470,000 for the holder.

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