LayerZero ZRO token swings over 10% as whale transfers hit Binance

The LayerZero (ZRO) cryptocurrency experienced sharp price movements in recent weeks. After a more than 11% decline linked to a surge in long liquidations and scheduled token unlocks, the token recovered, climbing over 10% in a single day. The rebound coincided with large‑scale transfers from wallets associated with LayerZero’s Mint MultiSig and the Spartan Group, moving roughly 1.2 million ZRO (about $1.13 million) to Binance, as well as earlier deposits of millions of tokens worth several million dollars.

Analysts noted that despite the heavy selling pressure, open interest in ZRO futures rose to a multi‑week high, suggesting fresh capital inflow. A partnership with Near Protocol also boosted social‑media mentions, but bearish market structure and the proximity to key technical support levels kept the token’s outlook cautious.