ZRO Surges 22% as LayerZero Moves to Acquire Stargate Finance in $110M Deal
ZRO jumps 22% after LayerZero proposes $110M acquisition of Stargate Finance, aiming to merge tokens and expand ecosystem.
ZRO, the native token of the LayerZero ecosystem, has surged 22% in the past 24 hours, propelled by news of a major acquisition proposal. The rally lifted ZRO’s price to $2.50, marking its highest level since May, and making it one of the best-performing assets in the cryptocurrency market during the period.
The catalyst came from the LayerZero Foundation, which announced a proposal to acquire Stargate Finance (SGT) for $110 million. If approved by the Stargate DAO, the deal would integrate the popular cross-chain bridge into LayerZero’s ecosystem. The proposal outlines that the STG token would be discontinued, with holders offered a swap to ZRO. Market sentiment has responded strongly, pushing SGT up more than 15% since the announcement.
According to the foundation, the acquisition aims to accelerate Stargate’s development and broaden its focus beyond bridging solutions. The official proposal stated: “This offer is designed to accelerate both Stargate and LayerZero, giving Stargate the resources to ship on an aggressive roadmap... while tying an incredible, revenue-generating protocol deeper into the LayerZero ecosystem.”
The proposal already enjoys a 70% approval threshold, suggesting strong community support. If finalized, the move could solidify LayerZero’s position in the decentralized finance (DeFi) space by merging its technology and liquidity with Stargate’s established bridging infrastructure.
From a technical perspective, the ZRO/USDT trading pair has turned bullish, with momentum indicators pointing to further gains. The Relative Strength Index (RSI) currently sits at 79, indicating overbought conditions but also reflecting strong buying pressure. The MACD remains in positive territory, underscoring the dominance of buyers.
If the upward trend continues, ZRO is poised to test resistance at $2.80 in the near term, with the psychological $3.00 level in sight. However, analysts warn that the rally has created inefficiencies in the market, and a short-term dip to the $2.00 liquidity zone is possible before another push higher. Should that level fail to hold, ZRO may retest deeper support around $1.89.
Investors are now closely watching the upcoming DAO vote, as the integration of Stargate could mark one of the most significant DeFi mergers of the year, potentially reshaping LayerZero’s growth trajectory and ZRO’s long-term valuation.
