๐ #LayerZero $ZRO is back above $2, trading around $2.13 after gaining 11.8% in 24 hours and nearly 97% in 30 days.
Several catalysts are fueling the move ๐
๐ฅ Buybacks: LayerZero reportedly purchased another 162,000 #zro (~$347K), bringing reported cumulative purchases near 2.54M tokens.
๐๏ธ ATLAS: LayerZero's upcoming trading infrastructure could create additional #ZRO demand through staking, rebates, and token buybacks/burns.
๐ Derivatives: Futures volume reached roughly $308M, with open interest near $279M.
โ ๏ธ Supply event: About 23.63M ZRO are scheduled to unlock on October 20, worth roughly $50M at current prices.
Several catalysts are fueling the move ๐
๐ฅ Buybacks: LayerZero reportedly purchased another 162,000 #zro (~$347K), bringing reported cumulative purchases near 2.54M tokens.
๐๏ธ ATLAS: LayerZero's upcoming trading infrastructure could create additional #ZRO demand through staking, rebates, and token buybacks/burns.
๐ Derivatives: Futures volume reached roughly $308M, with open interest near $279M.
โ ๏ธ Supply event: About 23.63M ZRO are scheduled to unlock on October 20, worth roughly $50M at current prices.
