2Z Token Drops 7.77% Amid Bearish Sentiment, High Trading Volume, and Market Adjustments

The price of 2ZUSDT declined by 7.77% over the past 24 hours, trading at $0.06929 according to Binance. The drop is primarily attributed to continued bearish market sentiment, sustained selling pressure, and overhead resistance, as indicated by technical analysis and social media posts. Additional factors include the recent increase in circulating supply, adjustments in maximum spot trade quantities by major exchanges, and market volatility following infrastructure upgrades and network optimization. Despite the listing under Grayscale’s Assets Under Consideration and positive regulatory developments, the asset remains below key moving averages, reinforcing downward momentum. Trading volume remains strong, with recent figures reported near $8.97 million and a market capitalization ranging between $250 million and $286 million, reflecting active but pressured trading across multiple exchanges.