FTX/Alameda Transfers ZRO Tokens to Wintermute, Price Drops

On March 31, FTX/Alameda transferred 4.126 million ZRO tokens, valued at $8.17 million, to Wintermute, according to BlockBeats. This transaction was detected by on-chain analyst Yu Jin. Following the transfer, the price of ZRO fell by 6%, from $1.98 to $1.85, within a few hours. The wallet still holds 30.75 million ZRO tokens, worth $58.12 million, which represents approximately 10% of the current circulating supply of ZRO.