TL; DR
- ZRO is down 7.5% and is currently trading at $2.01.
- The pullback comes despite Stargate DAO approving LayerZero’s acquisition proposal.
Stargate DAO Approves LayerZero’s Acquisition Proposal
The cryptocurrency market was volatile over the weekend, erasing large Friday gains by Sunday. Bitcoin briefly slipped toward the $110k range, while Ether remains above $4,700 after reaching a fresh all-time high of $4,953.
This broader retracement weighed on LayerZero’s native token ZRO, which has lost more than 7.5% of its value over the past 24 hours. As a result, ZRO is trading at $2.01.
The decline comes despite a major development within the LayerZero ecosystem. On Saturday, the LayerZero Foundation announced that Stargate’s governance body approved the acquisition proposal, with nearly 95% of votes in favor.
Stargate DAO has approved our acquisition of Stargate (STG).
We’ve spent four years building the rails to reinvent how value moves. Today we accelerate our network effects.
LayerZero is better money tech.
Stargate is the interface for value transfer. pic.twitter.com/U1QI1308dV
— LayerZero (@LayerZero_Core) August 24, 2025
The approval followed a late competing cash offer of $120 million from Wormhole. In addition, Across co‑founder Hart Lambur and the Axelar Foundation indicated they would submit formal bids if the process were delayed.
ZRO Could Reach $2.60 if Bullish Momentum Returns
The ZRO/USD 4‑hour chart currently looks bearish, mirroring LayerZero’s underperformance and the wider crypto market pullback. Technical indicators also point to selling pressure, suggesting sellers are in control for now.
A mid‑range RSI of 54 indicates ZRO could slip into negative territory if selling continues. MACD lines are also close to tipping into bearish territory.
If selling persists, ZRO could revisit Friday’s low near $1.85 within hours. Failure to hold that support may open the door to retesting the monthly low around $1.625.
However, with positive developments unfolding across the LayerZero ecosystem, ZRO could rebound and reclaim the first major resistance at $2.38. A sustained bullish move could push ZRO past this month’s high and toward $2.60.