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 contributing to this jump was the action of whale wallets, which pumped Zerebro by 430%. This substantial increase has led traders to wonder if these gains can be sustained.
According to reports, two Binance-funded wallets initiated $1.25 million long positions on Hyperliquid, triggering leveraged gains and a notable buildup of Open Interest.
Market analysis suggests that if the $0.031–$0.038 Fibonacci zone holds, a rebound to $0.05–$0.09 is likely. 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.
As of the latest update, the price has retreated, trading at $0.03, with claims emerging that the pump was manipulated by a whale on the Hyperliquid DEX.
Author's summary: Zerebro's price surged 260% due to whale wallet activity.
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