STG Token Surges 13.52% as LayerZero Proposes $110M Acquisition and Major Token Merger

The recent 13.52% price increase in STGUSDT over the past 24 hours is primarily attributed to the LayerZero Foundation's $110 million acquisition proposal for Stargate Finance, which includes merging STG into LayerZero's ZRO token and dissolving the Stargate DAO. This announcement has driven heightened investor interest and a surge in trading activity, as evidenced by a dramatic 1,191.70% increase in 24-hour trading volume and a notable rally in STG's price.

Currently, STGUSDT is trading at $0.1856 on Binance, with a 24-hour open of $0.1635 and a market capitalization of approximately $185.77 million, reflecting strong bullish momentum and significant market engagement following the acquisition news.