LayerZero unlocks 32.6 million ZRO worth $35 million, price falls 5.3%
- —32.6 million ZRO worth $35 million was unlocked — 3.26% of total supply
- —ZRO price fell 5.31% to $1.07, market cap at $403.9 million
- —375.9 million ZRO is in circulation — only 37.5% of 1 billion
- —The buyback program absorbs about 0.3% of new tokens per cycle
Why it matters: Monthly unlocks of 3.26% of supply through May 2027 create persistent selling pressure on ZRO.
Source: NullTX