TL;DR
- ZRO fell 7.5%, currently trading at $2.01.
- Despite Stargate DAO approving LayerZero’s acquisition proposal, the token has shown bearish performance.
Stargate DAO Approves LayerZero Acquisition Proposal
Crypto markets swung over the weekend, wiping out the large gains recorded on Friday by Sunday. Bitcoin briefly dipped toward the $1.1 million range, while Ether — after reaching an all-time high near $4,700 — is trading above $4,953.
The bearish move weighed on LayerZero’s ZRO token, which lost more than 7.5% of its value over the past 24 hours. As a result of this downward pressure, ZRO is currently trading at $2.01.
Even though the LayerZero ecosystem has seen significant developments, price action has been weak. The LayerZero Foundation announced on Saturday that Stargate’s governance body approved the acquisition offer with nearly 95% of votes in favor.
Stargate DAO has approved our acquisition of Stargate (STG).
We spent four years building a path to reshape how value flows. Today, we accelerate our network effects.
LayerZero is better monetary technology.
Stargate is the interface for value transfer. pic.twitter.com/U1QI1308dV
— LayerZero (@LayerZero_Core) August 24, 2025
Wormhole reportedly made a last-minute all-cash counteroffer of $120,000,000,000, but the acquisition still passed. In addition, Across co‑founder Hart Lambur and the Axelar Foundation indicated they might submit formal bids if the process slowed.
ZRO Could Reclaim $2.60 If Bullish Momentum Returns
The ZRO/USD 4‑hour chart looks bearish and efficient, mirroring broader weakness across crypto markets. Technical indicators also favor sellers at the moment.
The RSI sits at 54, signaling that continued selling could push ZRO into negative territory. The MACD lines are also close to turning bearish.
If selling pressure persists, ZRO could slide to Friday’s low near $1.85 within the next few hours. A failure to hold that support may lead to a retest of the monthly low around $1.625.
On the other hand, positive developments within the LayerZero ecosystem could trigger a rebound, allowing ZRO to reclaim the first major resistance at $2.38. Should bullish momentum strengthen, ZRO could break the monthly high and reach $2.60.