According to Onchain Lens, the wallet deposited about $1.43 million in ZRO to the crypto exchange Binance and still holds 29 million ZRO worth roughly $41.34 million.
A wallet linked to the LayerZero team transferred 1 million ZRO, valued at about $1.43 million, to Binance, according to blockchain tracker Onchain Lens. The same wallet still holds 29 million ZRO worth around $41.34 million. Onchain Lens said the remaining balance means the wallet may make additional deposits. Large token transfers to exchanges are closely watched in crypto markets because they can indicate potential selling activity or treasury management, although the source material does not confirm the purpose of this transfer.