ZIG TVL rises 1,882% but price lags behind

The total value locked (TVL) of ZigChain has risen to $77.27 million, representing growth of 1,882% since the start. At the same time, the ZIG price stands at around $0.04, far removed from earlier peaks of around $0.06. Analyst cryptostasher sees this as a classic divergence signal and believes that larger parties are quietly building positions.

In brief:

• ZigChain’s TVL reaches an all-time high of $77.27 million, an increase of 1,882%
• The ZIG price is trading around $0.04 while trading volume increases
• An analyst sees the price lag as a sign that large players are accumulating

TVL reaches all-time high while price lags behind

The chart shows that the TVL of ZigChain has grown steadily since November 2023, when it still stood at $11.89 million. In recent weeks, that growth accelerated sharply and on 25 August the TVL reached an all-time high of $77.27 million. The average over the entire period is $23.44 million.

Strikingly, the ZIG price does not follow this growth. After a peak earlier this year, when the price crept towards $0.06, a declining trend followed. Currently, ZIG is trading around $0.04195, with a daily trading volume of around 36.24 million tokens on Bybit.

Analyst sees accumulation by large players

Analyst cryptostasher points to what he describes as a classic divergence: a growing TVL and rising spot volume while the price lags behind. According to him, the long wicks in the chart indicate that larger market participants are building positions at low levels.

The analyst states that, in his view, $0.04 is the last chance to buy ZIG at a low level. He indicates that he believes the price is not low because further appreciation is impossible, but because certain parties are deliberately keeping the price low while they accumulate. This is expressly a personal view and not investment advice. Whether the price lives up to that expectation will have to become apparent in the coming period.