Zora Soars 50% as Derivatives Listings and Creator Surge Fuel Breakout
Zora (ZORA) surged nearly 50% in the past 24 hours, climbing past $0.13 and extending its weeklong rally to more than 118%. The token’s market cap now stands at approximately $450 million.
The price action appears to have been driven by a large accumulation from a high-net-worth participant, likely positioning for upside volatility. There was no immediate news catalyst, but on-chain data pointed to the highest creator activity since July 31—with 47,000 new tokens minted by 21,000 users on Sunday.
Zora, a creator-focused Layer 2 built on the OP Stack, gained retail momentum after being added to the “Base App” discovery section in July. This exposure has amplified creator engagement and community activity within the Base ecosystem.
Meanwhile, trading volume jumped from $160 million to $284 million day-over-day, coinciding with ZORA perpetual futures launching on major derivatives platforms like Binance. The availability of 50x leverage and enhanced access likely attracted speculative capital and tightened spreads, improving market depth.
Launched via retroactive airdrop in April, Zora’s limited circulating supply continues to make it highly reactive to fresh inflows—heightening its volatility and upside potential as liquidity deepens across spot and derivatives markets.
