ZRO (LayerZero) increased by 14.62% in the past 24 hours

Gate News Bot Message, January 21st, according to CoinMarketCap data, as of press time, ZRO (LayerZero) is reported at $1.95, up 14.62% in the past 24 hours, with a high of $1.96 and a low of $1.58. The 24-hour trading volume reached $126 million. The current market capitalization is approximately $651 million, an increase of $83 million from yesterday.

Important recent news about ZRO:

1️⃣ Large token unlocks exert pressure on the price LayerZero completed the unlocking of 25.71 million ZRO tokens on January 20th, accounting for 6.36% of the circulating supply, valued at about $44.5 million. Although such large unlocks typically put downward pressure on the market, ZRO experienced a 14.62% single-day increase during the unlock period, indicating bullish market sentiment sufficient to offset supply-side pressure.

2️⃣ Major announcement anticipation fuels market enthusiasm LayerZero officially hinted at a major announcement to be released on February 10th, which has boosted market optimism about the project’s prospects. Amid uncertainty, market investors are actively positioning themselves, creating upward momentum.

3️⃣ Large fund flows indicate institutional participation 3.3419 million ZRO (worth about $5.71 million) was transferred from an anonymous address to another anonymous address. Such large transfers between addresses often reflect reallocation activities by institutions or large holders, potentially signaling strategic adjustments by market participants regarding future trends.

This message is not investment advice. Please be aware of market volatility risks.