STG Token Surges 22% on Binance After LayerZero’s $110M Buyout Proposal and Major Unlock Event

Stargate Finance (STGUSDT) has seen a significant 22.08% price increase in the past 24 hours, rising from 0.1644 to 0.2007 on Binance. This surge is primarily attributed to the LayerZero Foundation’s $110 million acquisition proposal, which includes plans to merge STG into LayerZero’s ZRO token and dissolve the Stargate DAO, as well as a recent $51 million STG token unlock. The announcement has driven heightened market activity and sentiment, with trading volume spiking and market capitalization estimated between $172 million and $187 million. The most active trading pair is STG/USDT on Binance, reflecting strong investor interest following the proposed buyout and ecosystem developments.