Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
ZRO price outlook: Is LayerZero Labs’ $10M token buy just a start?

ZRO price outlook: Is LayerZero Labs’ $10M token buy just a start?

CoinjournalCoinjournal2025/11/07 14:45
By:Coinjournal
ZRO price outlook: Is LayerZero Labs’ $10M token buy just a start? image 0
  • LayerZero (ZRO) price rose sharply to rank among top gainers on November 7, 2025.
  • ZRO price benefited from a $10 million LayerZero Labs token buy.
  • Bulls pushed to intraday highs of $1.87 and could target further upside.

LayerZero’s native token ZRO is trending among top gainers today with double-digit gains.

The token is seeing significant attention amid a volatile cryptocurrency market, with ZRO price buoyed by a strategic move aimed at bolstering the project’s treasury strategy.

Bulls pushed to highs of $1.87 before slipping to around $1.66 as of writing, but could this be the starting of a big move for ZRO?

ZRO price surges after $10 million LayerZero Labs token buy

LayerZero Labs, the team behind the LayerZero protocol, announced a major move on Nov. 7.

It said it had executed a $10 million open-market purchase of its own ZRO tokens, with the fresh buy adding to the company’s balance sheet.

LayerZero Labs has purchased $10m of ZRO for its balance sheet. https://t.co/GsUFGs8for

— LayerZero (@LayerZero_Core) November 6, 2025

“We at LayerZero Labs believe ZRO is currently one of the most mispriced assets in the world,” the announcement stated, emphasizing the protocol’s central role in facilitating a “once-in-a-generation change in the financial system” through global-scale, permissionless infrastructure.

ZRO had plummeted to a multi-month low of $1.28 earlier in the week.

This came amid a broader crypto downturn and the October 20 token unlock event that released 25.71 million ZRO into circulation.

On Nov. 7, the token experienced a robust rebound. It climbed from lows of $1.43 to $1.87.

Trading volume also spiked dramatically, with over $142 million exchanged across major platforms amid a 190% surge.

The unlock in late October had initially pressured prices, leading to a consolidation phase followed by a sharp dump as bearish sentiment gripped the market.

Bulls can now target gains to $2 or higher if prices hold key support levels in the $1.66-$1.52 region.

More about LayerZero

LayerZero’s proactive intervention signaled strong internal conviction, countering narratives of dilution and restoring faith among holders.

LayerZero now connects over 50 blockchains, including Ethereum, BNB Chain, Avalanche, and non-EVM networks like Aptos.

This enables seamless omnichain applications for decentralized finance (DeFi) projects such as Stargate Finance and Radiant Capital.

The buyback not only reduces circulating supply marginally but also positions ZRO as a cornerstone for governance and staking rewards, incentivizing long-term participation.

As could be the case, this action could catalyze further accumulation by large holders. The race for cryptocurrency treasury strategies could heat up for ZRO.

ZRO price today

ZRO has maintained its upward trajectory even as it trades at $1.66 and off intraday highs.

Gains of over 13% in the past 24 hours, as of writing, bring the weekly uptick to 8% and cut losses in the past month to 31%.

While in the red on longer time frames, the ZRO price is above a key downtrend line.

ZRO price outlook: Is LayerZero Labs’ $10M token buy just a start? image 1 LayerZero ZRO price chart by TradingView

This positions the token above its recent support at $1.60, with intraday fluctuations ranging from a low of $1.64 to a high of $1.87.

Relative Strength Index (RSI) sits at 57, having pivoted from overbought conditions.

Meanwhile, the moving average convergence divergence indicator provides support with a bullish crossover.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Today: "Massive $8.9M WBTC Sell-Off by Whale Exposes Leverage Risks in Crypto's Unstable New Age"

- A crypto whale sold $8.9M in WBTC on Nov 5, 2025, amid market turbulence and leveraged position liquidations. - The sale followed a 14-year BTC accumulation strategy, highlighting Bitcoin's 100x price surge from $1.54 to $100K+. - Leveraged WBTC longs faced $31.47M liquidation as BTC dipped below $101K, exposing fragility of leveraged bets. - A whale averted liquidation by selling 465.4 WBTC/2,686 ETH to repay $56.52M debts during sharp price swings. - BTC's 15% 30-day decline raises sustainability conce

Bitget-RWA2025/11/08 02:44
Bitcoin News Today: "Massive $8.9M WBTC Sell-Off by Whale Exposes Leverage Risks in Crypto's Unstable New Age"

Astar (ASTR) Price Rally: On-Chain Growth and Key Ecosystem Alliances Fuel Sustainable Value

- Astar (ASTR) rose 1.95% in 24 hours, driven by cross-chain interoperability boosting active addresses by 20% in Q3 2025. - Strategic partnerships with Animoca Brands and Sony Soneium aim to bridge Web2 users to Web3 via anime IP and decentralized identity projects. - Whale accumulation of $3.16M ASTR and rising OBV/A/D indicators signal strong institutional confidence in long-term value. - Challenges persist: DeFi TVL dropped $11.96B, ASTR's $5.6M 24h volume highlights liquidity risks amid ecosystem grow

Bitget-RWA2025/11/08 02:44
Astar (ASTR) Price Rally: On-Chain Growth and Key Ecosystem Alliances Fuel Sustainable Value

Bitcoin News Update: Bitcoin’s Drop to $100k Highlights Short-Term Anxiety Versus Enduring Confidence from Institutions

- Bitcoin fell below $100,000 in Nov 2025 amid geopolitical tensions and profit-taking, wiping $1.3B in crypto liquidations. - Technical indicators showed bearish momentum, with whales selling 38.4k BTC while retail traders bought 415 BTC. - Michael Saylor predicted $150k BTC by year-end, citing institutional adoption, as investors shifted to altcoins like AlphaPepe. - Miners like MARA doubled Bitcoin reserves in Q3, but stocks dipped amid macroeconomic uncertainties and volatile price swings.

Bitget-RWA2025/11/08 02:24
Bitcoin News Update: Bitcoin’s Drop to $100k Highlights Short-Term Anxiety Versus Enduring Confidence from Institutions

Vitalik Buterin Backs ZKsync: Driving Layer 2 Expansion and Unlocking Investment Opportunities

- Vitalik Buterin's endorsement of ZKsync's Atlas upgrade validates its technical innovation, boosting institutional interest and investor confidence. - The upgrade enables direct Ethereum liquidity access, achieving 15,000+ TPS and near-zero fees, positioning ZKsync as a key Layer 2 infrastructure. - Buterin's backing triggered a 120% token price surge and $600M market cap, highlighting its potential to dominate Ethereum's scaling solutions. - ZKsync's tokenomics overhaul prioritizes buybacks and staking

Bitget-RWA2025/11/08 02:24
Vitalik Buterin Backs ZKsync: Driving Layer 2 Expansion and Unlocking Investment Opportunities