A group of eighteen large wallets has quietly collected around $79.7 million worth of LayerZero’s ZRO token, which makes up a substantial portion of the tokens currently available. Data from Nansen shows these purchases happened in two main bursts and were made through institutional platforms like Coinbase Prime. Notably, none of these wallets have sold any tokens, indicating they plan to hold on to them. This accumulation began a few weeks after LayerZero announced its new network and is happening right before a planned token release, suggesting strong belief in the project’s future.
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2026-03-24 15:37