Emre Yumlu 
In recent days, the ZORA price has been on investors’ radar. On August 11, ZORA reached an all-time high, having gained more than 160% since the beginning of the month. However, some data suggests that the rally may face challenges in the short term.
Record Price and Whale Support
On August 11, ZORA hit $0.139, pushing its market cap above $436 million. This price represents an increase of about 1,600% compared to its lowest level in July.
The main driver behind this surge is the interest from large investors known as “whales.” According to Nansen data, since August 4, the amount of ZORA held in whale wallets has increased by 16.4%, rising from $29 million to $33.9 million. This is generally interpreted by market participants as a bullish signal, encouraging smaller investors to buy as well.
Role in the Base Ecosystem
ZORA is at the center of the “creator coin” model in the Base ecosystem. In the Base app, each social post triggers ZORA’s smart contracts to mint a unique ERC-20 token related to that content. These tokens can be traded instantly, and content creators receive a share of both the supply and the transaction fees.
Since the app’s relaunch, more than 2 million creator coins have been minted, around 3 million traders have joined the ecosystem, and a total of $512 million in trading volume has been generated. This active usage provides a strong growth story supporting ZORA’s value.
This content does not constitute investment advice. Markets carry high risks, and it is important to conduct your own research before making any investment decisions.
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