LayerZero Labs purchased $10 million of its ZRO tokens on November 7, per an official announcement.
The buy followed a multi-month low of $1.28 after a 25.71 million ZRO unlock and broader market decline. ZRO rebounded to $1.87 intraday with $142 million in trading volume. The team stated ZRO is “one of the most mispriced assets” amid infrastructure development. Traders now monitor support at $1.66–$1.52; holding this range could trigger a push toward $2.00 in coming sessions.
Source: https://x.com/LayerZero_Core/status/1986490930493596058
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