Trader: While ZORA is pumping, the on-chain data indicators are all declining.

Odaily News Trader Axel Bitblaze posted data on X indicating that although Zora is currently experiencing a pump (with a monthly increase of over 800%), its on-chain data indicators do not align with its market trends. Specifically: 1. The number of new addresses for Zora has decreased from over 60,000 at launch to below 10,000; 2. User retention is declining, with most new users only staying for 1-2 months; 3. The daily number of contracts created once peaked at over 100,000 but has now dropped to nearly zero; 4. The daily transaction volume has decreased from nearly 6 million per month to less than 1.5 million; 5. The number of active users has plummeted from over 200,000 at its peak to around 50,000 currently.