LayerZero has acquired an additional $347,000 worth of ZRO tokens, bringing its cumulative buyback to 2.538 million tokens valued at approximately $5.4 million. The latest purchase was executed just 40 minutes ago according to on-chain monitoring data from Arkham.
ZRO has climbed above $2.13 and is now approaching the $3 resistance level amid the ongoing repurchase activity. LayerZero co-founder Bryan Pellegrino has repeatedly expressed optimism regarding the token's long-term development, with the latest buyback drawing increased attention from the community.
LayerZero Buys Back $347K in ZRO Tokens as Cumulative Repurchase Hits $5.4M
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