2Z has fallen roughly
↘30%
over the past month, but traders betting on further declines are paying a cost to hold those bets.
Mixed signals across the board
Trading volume dropped roughly
↘69%
in the past 24 hours while the value locked in the protocol exceeds its market value by 1.5x, showing contrasting dynamics.
Trading activity cooling down
Daily trading volume fell sharply with roughly 1.5 times more sellers than buyers over the past 24 hours, reflecting heavy selling pressure in recent activity.
Locked value exceeds market size
The total value locked in the protocol sits at 1.5x the asset's market value, while only about 35% of the total supply is currently in circulation.
Holders selling at losses
Blockchain data shows holders are selling at losses on average, with 229 new holders joining over the past 24 hours despite the price decline.