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- LayerZero (ZRO) has absorbed a major token unlock as demand outweighs new supply.<\/li>\n
- Speculation and leverage have led to a clean breakout above $2.20 resistance.<\/li>\n
- Holding $2.20 support could open upside toward the $2.60\u2013$2.70 zone.<\/li>\n<\/ul>\n
LayerZero is currently commanding attention across the crypto market as its native token ZRO pushes higher despite heavy supply-side headwinds.<\/p>\n
The ZRO price has surged decisively above the critical $2.20 resistance level, defying expectations tied to recent token unlocks.<\/p>\n
At the time of writing, ZRO is trading near $2.21, posting gains of over 12% in 24 hours, 35% over the past week, and more than 74% on the monthly timeframe.<\/p>\n
This move has positioned LayerZero as one of the strongest outperformers in an otherwise flat broader crypto market.<\/p>\n
LayerZero demand overwhelms token unlock pressure<\/h2>\n
One of the most notable aspects of the current ZRO price rally is how the market has handled new supply.<\/p>\n
On January 20, LayerZero unlocked approximately 25.71 million ZRO tokens, representing around 6.36% of the circulating supply.<\/p>\n
Token unlocks of this magnitude are typically bearish, as they increase sell pressure and dilute existing holders.<\/p>\n
Instead, ZRO demand absorbed the new supply with little visible impact on price.<\/p>\n
On-chain data showed large transfers moving into institutional-grade custody solutions rather than exchanges.<\/p>\n
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WLFI(@worldlibertyfi<\/a>) advisor @cryptogle<\/a> opened a 5x long on 347,280 $ZRO<\/a>($795K) over the past 2 hours.<\/p>\n
Two weeks ago, he also spent $50K to buy 33,411 $ZRO<\/a>($75.5K now) spot. pic.twitter.com\/k0X0FCGWEn<\/a><\/p>\n