TL;DR
- ZRO has fallen 7.5% and is currently trading at $2.01
- The decline came despite Stargate DAO approving a takeover proposal for LayerZero
Stargate DAO Approves Takeover Proposal for LayerZero
The cryptocurrency market was volatile over the weekend. Large gains recorded on Friday were largely erased by Sunday as prices swung sharply. Bitcoin briefly dipped toward the $110,000 region, while Ether traded above $4,700 after reaching a new all-time high near $4,953.
This downturn also affected LayerZero’s native token ZRO, which lost more than 7.5% over the past 24 hours. As a result, ZRO is trading around $2.01 amid the broader market weakness.
The negative performance came despite a major development for the LayerZero ecosystem. On Saturday, the LayerZero Foundation announced that the Stargate DAO had approved a proposal to acquire LayerZero, with nearly 95% of votes in favor.
Stargate DAO has approved Stargate’s (STG) acquisition of us
We spent four years building the rails to invent a new way to move value. Today we accelerate the impact of our network
LayerZero is better money technology
Stargate is the interface for value transfers pic.twitter.com/U1QI1308dV
— LayerZero (@LayerZero_Core) August 24, 2025
The approval came even though Wormhole submitted a late $120 million cash offer, and other parties—including Hart Lambur, co‑founder of Across, and the Axelar Foundation—stated they would make formal bids if the process slowed. Despite competing offers, Stargate’s vote delivered decisive support for the proposed deal.
ZRO Could Reach $2.60 If Bullish Momentum Returns
On the 4‑hour ZRO/USD chart, the short‑term trend remains bearish and reflects broader weakness across crypto markets. Technical indicators also point to sellers holding control.
The relative strength index (RSI) sits near 54, signaling the token could slip further into negative territory if selling pressure continues. The MACD line is approaching a bearish crossover, which would strengthen downward sentiment.
If selling persists, ZRO could fall to last Friday’s intraday low near $1.85 within hours. Failure to hold that support might lead to a test of the monthly low around $1.625.
On the other hand, the positive news from the LayerZero ecosystem gives ZRO a clear path to recover. A rebound could push the token back above the first major resistance at $2.38. A sustained bullish run would likely propel ZRO past its monthly high and toward $2.60.