Hey, folks! Let's talk plainly, what's cooking with ZRO? 🧐 If you've entered the world of crypto, you've surely heard about this thing, and if not, pay close attention. On one hand, a million-dollar purchase that could put it in the big leagues. On the other, some tokens that will be released gradually and could cause the price to plummet. It's like walking a tightrope, but on the blockchain.
Oh my goodness, what a situation! LayerZero, the brains behind ZRO, threw everything into the wind with a $110 million offer to buy Stargate Finance. 🤑 I mean, they want to merge with a protocol that moves over $70 billion, what madness! With this move, ZRO could become the king of the dance, because it would now be the bridge connecting the entire ecosystem. But, beware, not everything is rosy. The merger could bring a bunch of new ZRO tokens to the market, something known as dilution. If all are activated, we could see an extra 9.6% of the total supply, and that doesn't sit well with those who already hold ZRO. It's a big risk, but if it goes well, the sky's the limit. 🚀
And as if that weren't enough, there's another problem that has us all on edge: the unlocking of tokens. 🚨 Imagine you have an investment and can't sell it, but suddenly you can. That's exactly what's happening to LayerZero's partners and investors. 57.7% of all ZRO tokens are locked and will be released gradually until 2026. We saw an example in June when 23.13% was unlocked and the price fell by 17%. Every month, a portion will be released, so the pressure to sell will be there, like a shadow. 📉
But not everything is drama, folks. There is a light at the end of the tunnel. LayerZero is working hard to ensure its technology is used everywhere. Its standard, called OFT, already connects over 70 chains and moves a huge amount of money. Every time they connect with a new chain, the price of ZRO rises a little, and that's a good sign. If they keep this up, and if they activate some fees for transactions, they could generate millions of dollars a month, and that money could be used to buy back ZRO tokens, which would make the price rise. 📈
At the end of the day, ZRO is at a crucial moment. It's a race between ecosystem expansion and the selling pressure of the tokens being released. Will the revenue from Stargate and mass adoption be enough to keep the currency afloat? We'll have to stay super alert to the upcoming moves, especially the vote for the merger.$ZRO