STG Token Soars 20% on Binance After LayerZero’s $110M Merger Proposal and Token Swap Announcement

Stargate Finance (STGUSDT) experienced a significant price surge in the last 24 hours, rising 20.79% to $0.1964 on Binance. This increase is directly attributed to the LayerZero Foundation's $110 million acquisition proposal, which includes plans to merge STG into LayerZero's ZRO token at a fixed conversion rate. The announcement led to heightened market activity, with trading volume spiking and investor sentiment turning bullish as participants reacted to the potential token swap and protocol integration. Currently, STGUSDT is trading near its 24-hour high, with strong volume and notable price momentum following the news.