LayerZero's token ZRO jumped 15% to a six-month high around $2.03, driven by a record $4 billion in cross-chain transfers, mainly from one wallet moving $3.6 billion WPAY tokens. This dominance highlights strong network activity but raises questions about sustainability and potential sell-offs, as large holders transferred millions of ZRO tokens to exchanges like Coinbase and Binance. Despite positive net inflows and bullish price momentum, increased exchange deposits could pressure the rally if holders decide to sell. The key support level to watch is $2, with targets at $2.20 and $2.50 if buying continues.
ZRO trades at Rp35,898 on Pluang, down 3.97% as of Oct 04, 2026 23:21 WIB, with a market cap of Rp14.27 trillion and 24-hour volume of Rp3.25 trillion. Despite the recent price surge to a six-month high noted in the article, Pluang data shows a predominantly selling trend with 87% of order activity as sell and a typical hold time of 13 days. This selling pressure on Pluang may relate to the article's mention of large holders moving tokens to exchanges, potentially capping the rally.
