ZRO Token Surges 29% on Binance After LayerZero Announces Stargate Finance Acquisition Plans

LayerZero (ZRO) experienced a significant price increase in the last 24 hours, with the ZROUSDT pair on Binance rising 29.61% from 1.945 to 2.521. This surge is primarily attributed to the announcement of LayerZero's proposed acquisition of Stargate Finance, which has shifted market sentiment positively and driven strong buying activity. The recent token unlock event and previous controversy around the "Proof-of-Donation" airdrop had previously contributed to volatility and downward pressure, but the acquisition news has outweighed these concerns in the short term.

Currently, ZRO is trading at 2.521 on Binance with notable trading volume, and the circulating supply is estimated between 111 million and 174 million out of a 1 billion maximum. The market has shown dynamic activity, with the latest developments and technical indicators suggesting increased bullish momentum for the ZROUSDT pair.