DoubleZero coin, 2Z, slumped 16.4% in the past 24 hours to $0.3914, extending its weekly losses to nearly 41%. The drawdown followed a surge in on-chain activity, heavy whale transfers, and post-regulatory profit-taking.
Despite strong fundamentals and expanding validator adoption across Solana, the 2Z token’s short-term outlook remains pressured by liquidity rotations and supply unlocks.
DoubleZero Coin Pullback Deepens Despite Solana Validator Expansion
Market data from CoinMarketCap shows 2Z’s market cap dropped to $1.35B, with daily trading volume jumping 12% to $362M, a sign of heightened volatility and forced selling. Additionally, the turnover (volume-to-market-cap ratio) of 26.8% suggests panic-driven repositioning rather than organic accumulation.
Part of the decline is tied to the broader market liquidation event that wiped out over $100 billion in cryptocurrency capitalization within 24 hours, as the Bitcoin price retested its $121,000 support. Leveraged long positions in altcoins, including $2Z, were heavily unwound as traders sought liquidity.
Compounding this, roughly 35% of 2Z’s supply was unlocked at launch, creating persistent sell pressure. Early backers appear to be realizing profits following a 100% rally last week, triggered by the SEC’s no-action letter that clarified DoubleZero’s token distribution model does not constitute a security under the Howey Test.
The regulatory clarity initially fueled optimism around DoubleZero’s decentralized physical infrastructure (DePIN) model, which incentivizes network contributors providing bandwidth and fiber links.
However, Arkham noted that Jump Crypto, a major holder controlling roughly 21.39% of the total supply, reportedly moved $20.9 million worth of 2Z to centralized exchanges, including Binance and Bybit, shortly before the selloff, signaling potential offloading activity.
Despite short-term headwinds, DoubleZero’s network continues expanding. Reports confirm a new validator integration with Forward Industries, one of Solana’s largest treasury firms, in partnership with Galaxy Digital and Jump Crypto’s Firedancer client.
The initiative, offering 0% commission, enhances institutional-grade performance and signals long-term confidence in infrastructure.
DoubleZero Price Forecast: Can 2Z Rebound From $0.39?
At press time, DoubleZero coin trades around $0.39, near its daily low of $0.3899. The token has fallen 47% from its all-time high of $0.75 recorded on October 2.
From a technical standpoint, RSI readings (30–32) suggest that the asset is entering oversold territory; however, the absence of strong accumulation volume implies that sellers remain in control. MACD histograms also continue to trend below zero, indicating sustained bearish momentum.
Immediate support sits near $0.35, corresponding to prior pre-rally consolidation zones. A breakdown below could expose the DoubleZero price to retesting $0.23, its all-time low. Conversely, recovery above $0.45 may invalidate near-term bearish bias and pave the way toward the psychological $0.50 resistance.
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