LayerZero Unlocks 23.63M ZRO on October 20, 5.92% of Circulating Supply
- —23.63M ZRO become tradable on October 20, 5.92% of the 399.2M circulating supply
- —10.63M ZRO go to core contributors, 13M to strategic partners, none to users
- —At $2.02 the tranche is worth about $47.7M, roughly half a day's trading volume
- —ZRO trades 73% below its $7.47 all-time high but is up 92% over 30 days
Why it matters: The unlock hands insiders a chance to sell into a recovery, though market volume can absorb the tranche within half a session.
Source: CryptoTicker