Markets· ★★★· bullish·

LayerZero's ZRO Jumps 10% to $1.98 Ahead of Nov. 30 Zero Mainnet Launch

  • —ZRO gained about 10% to $1.98 on $282 million in volume, up over 50% in 24 hours
  • —Zero mainnet and ATLAS trading system are scheduled to launch Nov. 30
  • —75% of fees left after venue rebates will go to buying and burning ZRO
  • —Longs make up 53% of leveraged ZRO futures positions; $2.00 is the next level
Why it matters: ATLAS ties trading volume to a structural ZRO buy-and-burn, but the rally so far rests on anticipation rather than realized revenue.
#ZRO
Source: BitcoinWorld
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