Zerebro's Sudden Jump
Zerebro experienced a 260% jump, raising eyebrows, but the reason behind this surge may not be what is expected.
A significant factor in this jump was the involvement of whale wallets, which pumped Zerebro by 430%, leaving traders to wonder about the sustainability of these gains.
- Two Binance-funded wallets initiated $1.25 million longs on Hyperliquid.
- This triggered leveraged gains and a notable buildup of Open Interest.
If the $0.031–$0.038 Fibonacci zone holds, a rebound to $0.05–$0.09 is possible; however, if the price falls below $0.03, bearish momentum could resume.
Zerebro [ZEROBRO] saw a nearly 3X increase on October 11th, rallying from $0.01 to $0.05, a 430% run, before closing with a 264% gain.
Despite this, the altcoin has given back some of its gains, trading at $0.03, with claims emerging that the pump was manipulated by a whale on Hyperliquid DEX.
Author's summary: Zerebro's jump raises questions about market manipulation.
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