Recently, the business model of the encryption art platform Zora has attracted attention in the industry. The platform requires all creators' tokens to be paired for trading with Zora platform tokens, a practice that has sparked considerable controversy in the industry.

According to market analysis, Zora charges a 3% fee from a total transaction volume of about $500 million, with the special feature being that these fees are all collected in the form of ZORA Token. This mechanism theoretically creates a continuous buying demand for ZORA Token. However, it is worth noting that despite such tokenomics design, the platform's actual usage has declined by about 75%, raising concerns about the long-term development of the platform.

What is even more concerning is the supply concentration issue of the ZORA Token. Data shows that the top three wallets control 58% of the ZORA Token supply. These tokens will be unlocked in October this year, and the market widely expects a potential large-scale sell-off, which could put significant pressure on the token's price.

This token economic model and the highly centralized token distribution have raised concerns in the market about the Zora token facing high selling pressure risks in the short term. Participants in the cryptocurrency market are closely following the development of this situation to assess its potential impact on the entire ecosystem.