On-chain Data May Indicate a Significant Dump Risk for This Altcoin
Dump concerns have been raised regarding 2Z, the token of the new blockchain infrastructure project DoubleZero.
According to data shared by on-chain analytics platform Arkham, Jump Crypto acquired $42.8 million worth of 2Z in the last two hours. Approximately $20.9 million of these assets were deposited into Binance and Bybit. These movements have raised questions in the market about whether Jump Crypto is preparing to sell.
The DoubleZero Foundation recently announced the launch of the project's mainnet beta. DoubleZero aims to create a dedicated “fast highway” for blockchains on the internet. Operating over fiber lines, the network, which allows validators within the Solana ecosystem to communicate more quickly and reliably, aims to improve performance by reducing latency in blockchain transactions.
Investors are closely watching how Jump Crypto's exchange transfers will impact the price, along with the project's technical promise.
At the time of writing, 2Z has a total market capitalization of $2.25 billion and is trading at $0.64.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TradFi Develops Blockchain Foundations, Transforming International Financial Systems
- Traditional banks like Standard Chartered and Citi expand crypto custody services, partnering with firms like 21Shares to integrate digital assets into core infrastructure. - Strategic moves include Standard Chartered consolidating custody under its parent bank and Citi enhancing fiat-stablecoin transaction capabilities with Coinbase . - Regulatory developments, such as Japan's proposed reserve rules for exchanges , and $4.65B Q3 2025 crypto VC funding highlight sector maturation and institutional adopti
Zodia Faces an Unclear Path as Standard Chartered Moves Forward with Traditional Finance Crypto Custody
- Standard Chartered partners with 21Shares to offer crypto custody, signaling TradFi's deeper integration into digital assets. - Zodia Custody's uncertain future highlights competitive pressures as crypto-native custodians face challenges from traditional banks. - Legal risks and a credit downgrade complicate Standard Chartered's crypto expansion amid regulatory shifts like Japan's asset segregation rules. - Industry trends show traditional banks leveraging reputation and compliance to compete with crypto
Trump’s ACA Subsidy Proposal Weighs Financial Relief Against Concerns Over Fraud in a Delicate Political Balance
- Trump proposes extending ACA subsidies for two years, raising eligibility to 700% FPL and ending zero-premium plans to combat fraud. - The plan faces bipartisan challenges, with Senate voting in mid-December and House Republicans favoring alternative cost-cutting measures. - Analysts warn premium hikes could destabilize ACA markets, risking coverage for 22 million Americans amid partisan gridlock.
Thiel Turns to Major Defensive Tech Firms Amid Growing Concerns Over AI Bubble
- Peter Thiel's Q3 2025 portfolio reshuffling saw full exit from Nvidia and reduced Tesla holdings , shifting funds to Apple and Microsoft amid AI valuation concerns. - The $166M from sales was partially reinvested into Apple and Microsoft, leaving over $120M in cash reserves, signaling a defensive strategy shift. - Nvidia's 0.33% premarket dip and mixed market reactions highlight institutional sentiment shifts, with analysts debating Thiel's caution versus potential miscalculation. - Thiel's track record
Trending news
MoreCrypto prices
More
