STG Token Jumps 21% as LayerZero Proposes $110M Acquisition and Major Governance Shift

Stargate Finance (STGUSDT) experienced a significant price surge in the last 24 hours, primarily driven by news of the LayerZero Foundation's $110 million acquisition proposal. The announcement, which includes merging STG into LayerZero's ZRO token and dissolving Stargate DAO, led to increased market interest and trading activity, with STG holders reacting to the proposed swap ratio and future governance changes.

The current STGUSDT price on Binance is $0.1974, up 20.96% from the 24h open of $0.1632, with trading volume and market capitalization also showing substantial increases. This heightened activity and price movement are closely linked to the ongoing discussion and anticipation surrounding the acquisition proposal.