Markets· ★★· bearish·

LayerZero (ZRO) Falls 7.14% as Traders Weigh October Token Unlock

  • —ZRO trades in a $1.60–$1.66 range on about $71 million in 24-hour volume
  • —The token is down 13.41% over seven days
  • —October 20 unlock: 10.63 million ZRO to core contributors, 13 million to strategic partners
  • —No exchange inflows have been traced to the unlocked wallets
Why it matters: The November 20 unlock will test whether future supply or actual recipient selling is driving the price down.
Source: Cryptonews.net