STG Token Surges 18% After $110M LayerZero Acquisition Proposal and Planned ZRO Merger

Stargate Finance (STGUSDT) has experienced a notable price increase of 18.15% in the last 24 hours, currently trading at $0.1927 on Binance. This surge is directly attributed to the announcement of LayerZero Foundation’s proposed $110 million acquisition of Stargate Finance, which includes merging STG into LayerZero’s ZRO token at a fixed ratio. The news has driven significant market attention, resulting in a sharp rise in trading volume and price activity. STG’s 24-hour trading volume reached up to $116.69 million, with market capitalization estimates ranging from $127.2 million to $189.31 million and circulating supply figures reported between 660.95 million and 972 million STG. The proposal is currently under community discussion and will be subject to a DAO vote, with the outcome likely to further impact market sentiment and price movements.