ZRO Token Surges 22% as LayerZero Proposes $110M Stargate Acquisition and Launches Airdrop

LayerZero (ZRO) experienced a notable price surge of 22.37% in the last 24 hours, primarily driven by the LayerZero Foundation's proposal to acquire Stargate Finance for $110 million and merge tokens, allowing STG holders to swap for ZRO. Additional momentum came from the introduction of the 'Proof-of-Donation' airdrop mechanism and ongoing discussions about future ZRO buybacks funded by excess protocol income. Technical indicators show bullish sentiment, supported by strong trading activity and community engagement around recent token unlocks and ecosystem upgrades.

Currently, ZROUSDT is trading at 2.369 on Binance, with a 24-hour trading volume exceeding $76.91 million and a market capitalization of approximately $423.37 million. The token has demonstrated significant volatility and upward movement, reflecting heightened interest and activity following recent developments.