There is significant movement in the Bitcoin and altcoin market. In an analysis published by TheDataNerd on September 29, it was stated that GSR, one of the leading players in the market, deposited 310,000 ZRO tokens to Binance. The dollar equivalent of this amount is around $1.54 million. This transaction once again revealed GSR's influence on the market and its interest in the ZRO token. How GSR will direct its ZRO assets is a matter of curiosity.

GSR Sells Altcoin Project

GSR, known as a “market maker,” still holds 5.446 million ZRO tokens after this transaction, which is approximately $27.07 million in assets. The fact that GSR holds such a large amount of ZRO shows that it can directly affect the price movements of the token. Every move made by major players in the market can quickly change the price of the token. In the cryptocurrency market, “market makers” provide liquidity, ensuring that markets operate more stably and smoothly. GSR supports trading volume by increasing liquidity in both ZRO and other cryptocurrencies. Market makers act as a bridge between buyers and sellers, preventing excessive fluctuations in market prices and speeding up transaction processes.

This 310,000 ZRO investment by GSR to Binance is creating significant movement in the market. As one of the world’s largest cryptocurrency exchanges, Binance often hosts such large investments. However, a transfer of this magnitude is likely to cause short-term price movements in ZRO. At the time of writing, the ZRO token is trading down 4 percent. The 5.446 million ZRO tokens held by GSR are attracting the attention of the market, and this amount constitutes a significant share of the token’s overall supply.

In addition to GSR, another important market maker, Amber Group, is also taking action. Because Amber Group holds 4.44 million ZRO, which is approximately $22.11 million in dollar terms. Amber Group’s ZRO amount is slightly less than GSR, but its impact on the market is significant. It is very critical that GSR and Amber Group focus on the same token. This can have a significant impact on ZRO’s market value and price fluctuations. The amount of ZRO held by both market makers does not represent a large portion of the total supply; however, it is understood that they have the power to manipulate the price of ZRO tokens traded in the market.