Nansen has reported that nine wallets have collectively purchased approximately 24.5 million ZRO tokens, valued at around $47.5 million, over the past few days. This acquisition represents 2.6% of the token's circulating supply, with an average purchase price of $1.94 per token. Notably, no sell transactions have been recorded during this period. The funds for these purchases were sourced from Coinbase Prime, with eight of the wallets receiving about $35.8 million worth of ZRO within a four-hour window on March 9. These wallets exclusively hold ZRO tokens, suggesting that the activity is likely driven by institutional investors, according to Nansen's analysis.