Bybit has listed the ZORA token on its futures market, offering up to 25x leverage on April 25, 2025. This listing is notable for boosting ZORA’s visibility in the cryptocurrency market, but it also raises concerns regarding the token distribution model. Insider allocations of 65% have drawn criticism from the community. While this listing signals increased exchange integration and activity among traders, the heavy insider allocation could potentially impact price stability. Historical trends suggest initial trading volume spikes followed by potential medium-term volatility. The crypto community will closely watch for the long-term implications of this listing and whether market volatility will subside.