The price of the tZero token (TZROP) on the platform for security tokens from the retail giant Overstock has fallen by more than 50% against the background of low trading volumes, reports CoinDesk .
Thus, within three weeks, the daily trading volume of TZROP ranges from 7 to 23 thousand tokens with an aggregate emission of 26 million.
At the time of launch, only a few hundred of the more than a thousand STO participants registered on the platform, during which they managed to attract $ 134 million. Currently, 15% of users are new traders who have joined the platform after the official launch.
As with the entire cryptocurrency market, tZero is dominated by bearish sentiment. The price of the token has fallen from $ 8 to $ 3, and some traders have even placed purchase orders for $ 1. At the moment, the spread has stabilized in the range of $ 3- $ 3.35.
Trader Mark Nelson is convinced that many investors have entered the project amid the hype around the ICO, not understanding the nature of the TZROP token, but expecting only profits. They, in his opinion, are now putting pressure on the price, trying to withdraw at least some capital.
At the same time, many traders reported problems with account verification through a broker-dealer platform Dinosaur Financial. Fiat transfers to the accounts of this company also take several days.
Recall that the launch of the tZero platform took place on January 25, but at the moment the trades take place only during the hours of the American session.
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