What is the reason for the surge of $ZRO !!! Brother K analyzes for you:
The LayerZero Foundation announced a major acquisition plan: it intends to acquire the Stargate cross-chain bridge and its native token STG for 110 million USD. According to the plan, the STG token will cease to be used and can be exchanged for ZRO.
Stargate will officially be integrated into the LayerZero Foundation system, and the original Stargate DAO will be dissolved. This transaction has received joint endorsement from leading institutions such as Binance, a16z, and Coinbase, significantly enhancing industry recognition.
It is worth noting that 9 days later, ZRO will see a large unlock of 8.53%. From the perspective of the project party, it is highly likely to drive the price up to enhance the value of the subsequently unlocked assets — increasing sales in a bull market is a common strategy for project parties.
On-chain data shows that in the past 30 days, there has been a continuous large inflow of spot funds into ZRO, providing ample momentum for short-term increases. For investors who have not yet positioned themselves, it is advisable to look for suitable points to gradually enter and seize the upward opportunities driven by favorable catalysts and capital.
With institutional endorsements and funds entering, ZRO is expected to experience a valuation reassessment before the unlock. Fans who are unsure how to find good entry points can follow Brother K for information sharing!
