Kelp DAO suffered a massive $294M loss from a LayerZero bridge exploit, as revealed by @OnchainLens citing @zachxbt. The attacker minted 116,500 RSETH worth about $293.72M, dumped it, and borrowed 106,467 ETH valued at $249.74M, triggering a sharp drop in ZRO from $2 to $1.4. A major whale on HyperLiquid faced partial liquidation on their ZRO long position, booking $2.88M in realized losses while clinging to the trade with over $750K in floating red; total damage for the whale hits $28.98M. This LayerZero bridge hack echoes recent crypto exploit impacts, potentially signaling broader crypto market crash risks as ZRO price prediction turns grim amid DAO vulnerabilities like those seen in RaveDAO.

On the 4h chart, ZRO trades at $1.62 in a clear bearish structure, with price slamming into the lower volatility band support near $1.74 while the EMA50 at $1.93 and EMA200 at $1.96 loom as formidable overhead resistance levels capping any rebound. RSI at 19.54 screams oversold, hinting at exhaustion, but the MACD death cross with a -0.05 reading confirms sellers dominate—expect a feeble bounce toward the upper band resistance at $2.1 before resuming the downtrend, unless Bitcoin's BTC stability provides macro relief in this crypto market crash scenario.