DoubleZero (2Z) Faces 4.76% Drop Amid Supply Surge and Regulatory Moves; Trading Volume Soars

2ZUSDT experienced a 4.76% price decline over the past 24 hours on Binance, opening at 0.07349 and closing at 0.06999. The price drop is largely attributed to recent increases in circulating supply from 700 million to 3.47 billion tokens, which has contributed to selling pressure, as well as insider transfers and broader market volatility following sharp declines of 8.48% and 7.26% in previous sessions. Regulatory developments, including a no-action letter from the SEC and Grayscale's inclusion of 2Z in its Assets Under Consideration, have provided some positive sentiment, but technical indicators suggest the token remains oversold. Trading volume is elevated, with 24-hour volumes reaching up to $8.02M on Bybit and $7.5M on CoinGecko, and market capitalization estimated between $241 million and $283 million. DoubleZero (2Z) is ranked among the top 150 cryptocurrencies and is actively traded across major exchanges.