LayerZero’s $47 Million Token Unlock Today To Test ZRO Price
The post LayerZero’s $47 Million Token Unlock Today To Test ZRO Price appeared on BitcoinEthereumNews.com.
LayerZero is set to unlock nearly 25 million ZRO tokens, worth ~$47M, today, June 20 The token’s price is already in a short-term downtrend, testing critical support levels This combination of a supply increase and bearish technicals creates a high-risk outlook The LayerZero (ZRO) token is heading into a period of significant pressure as a major supply unlock, set for today, June 20, coincides with an already bearish technical setup on its price chart. This combination of imminent inflationary pressure and weak market momentum has created a high-stakes environment for the interoperability protocol’s native asset. The event will see nearly 24.7 million ZRO tokens, valued at approximately $47 million, enter the market. This represents a substantial increase to the currently circulating supply and is the first of a series of monthly unlocks scheduled to continue through May 2027. LayerZero will unlock 23.13% of its circulating supply tomorrow. A total of 25.7 million ZRO, valued at $46.92 million, will enter circulation. This unlock will occur monthly through May 2027. pic.twitter.com/R8l2ecviW0 — Messari (@MessariCrypto) June 19, 2025 A $47 Million Supply Shock The core of the concern for ZRO holders is the token’s economic design. With only 11% of the total 1 billion token supply currently in circulation, today’s unlock will significantly increase the number of tokens available for sale. Such events, especially when they are part of a long-term, pre-scheduled release, can create sustained selling pressure as early investors and team members are able to liquidate their holdings. This looming supply increase is hitting a market that is already showing clear signs of weakness. Related: Massive $230M in Insider Unlocks Set to Shake Crypto Markets (June 16–22, 2025) A Bearish Technical Backdrop ZRO’s price currently sits at $1.79, marking a 2.94% drop in the last 24 hours. This decline follows a…
Filed under: News - @ June 20, 2025 4:24 am