Can LayerZero price hit $3 after ZRO buybacks?
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- 3 new reports
LayerZero disclosed another ZRO repurchase, adding $347,000 to its buyback program and lifting cumulative repurchases to 2.538 million ZRO worth about $5.4 million. ZRO also moved higher in price, with one update putting it near $2.13 after a 41% weekly gain and another noting an 11% jump to a six-month high of $2.19. Separately, LayerZero set an Oct. 20 release for 23.63 million ZRO tokens, split between core contributors and strategic partners.
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Market reaction i
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
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