Eighteen large wallets have cumulatively held LayerZero ZRO tokens worth approximately $79.7 million, representing a substantial portion of its circulating supply. According to Nansen Analytics analysis, these purchases occurred in two waves, with all funds sourced from institutional channels such as Coinbase Prime, and no selling activity has been recorded. This accumulation began weeks after the launch of the new Zero Layer-1 network and preceded the scheduled token unlock date, indicating that holders are confident in the long-term prospects of ZRO.
Eighteen large wallets have cumulatively held LayerZero ZRO tokens worth approximately $79.7 million, representing a substantial portion of its circulating supply. According to Nansen Analytics analysis, these purchases occurred in two waves, with all funds sourced from institutional channels such as Coinbase Prime, and no selling activity has been recorded. This accumulation began weeks after the launch of the new Zero Layer-1 network and preceded the scheduled token unlock date, indicating that holders are confident in the long-term prospects of ZRO.