Coinbase's former CTO released a commemorative token for his new book on the Zora network this morning, which may be the reason for the rise of ZORA

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On May 26, Balaji Srinivasan, the former Chief Technology Officer of Coinbase, launched a commemorative token for his new book "The Network State" on the Zora network this morning. After breaking through a market value of $7 million, the token has now fallen to $4.5 million, with a trading volume of $4.3 million since its launch.

Previously, ZORA had risen by over 30% in the past 24 hours.

BlockBeats reminds users to be cautious when investing in such tokens due to their high price volatility.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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