LayerZero jumps 23% to $2.25, but 25.7M ZRO unlock looms
- —ZRO gained 23% in a day, reaching a local high of $2.25
- —Open interest rose 31% to $275 million; derivatives volume up 63% to $336 million
- —Over $26 million flowed into exchanges, with Spot Netflow above $3.5 million
- —25.7 million ZRO worth $56.5 million unlock on Oct. 20
Why it matters: The 25.7 million ZRO unlock and rising exchange inflows could intensify selling pressure and push the price back below $2.
Source: AMBCrypto