LayerZero Labs announced a $10 million buyback of its native token, ZRO, boosting its price by 11% to $1.73. The company plans further purchases, citing ZRO as significantly undervalued. This follows a $50 million buyback in September, which previously lifted the token's price. ZRO's market cap now stands at $194 million, according to CoinGecko. A Keyrock report highlights a trend of increased buybacks and token distributions, with 64% of revenue from major crypto projects returned to tokenholders since 2024.