LayerZero ZRO Faces $43.7M Token Unlock as Traders Brace
LayerZero’s ZRO token unlock of 25.71 million tokens (7.9% of circulating supply, ~$43.7 M) on Oct 20 is expected to increase sell pressure and drive short-term price declines. On-chain and market data show spot volume surged 174%, derivatives volume jumped 180%, and open interest rose 14.5% as traders position ahead of the ZRO token unlock. ZRO trades near $1.71, holding above $1.50–1.60 support, while RSI nears oversold and charts form a symmetrical triangle—signs of a potential rebound toward $2.30–$2.50 in a broader bull run. However, the immediate supply increase may weigh on price. Traders should monitor token recipients and on-chain flows to navigate volatility.
Bearish
LayerZero’s imminent unlock of 25.71 M ZRO tokens (~7.9% supply, $43.7 M) is set to boost market supply and amplify selling pressure, likely weighing on price in the short term. Surging spot (+174%), derivatives (+180%) volumes and a 14.5% rise in open interest show traders positioning ahead of the ZRO token unlock. Although RSI near oversold and a symmetrical triangle chart pattern hint at a rebound toward $2.30–$2.50 in a broader bull run, the immediate impact of increased supply dominates. Traders should watch on-chain flows and recipient behavior to manage volatility.