LayerZero (ZRO) surged 10.55% to $2.12 on October 6, 2026, despite on-chain data showing persistent inflows to centralized exchanges and an 83% wash-trading ratio, suggesting much of the volume may be artificially inflated. Over the past nine days, ZRO tokens have been consistently deposited into exchanges, a sign of selling pressure rather than accumulation. Five accumulator wallets holding 0.63% of supply are routing tokens directly to exchanges, indicating possible staged distribution. The key to watch is whether net flow reverses to outflows, which could support a sustained rally. The contract is considered low risk, but traders should be cautious given the high wash trading and lack of clear catalysts.
As of Oct 06, 2026 10:02 WIB, LayerZero (ZRO) is trading on Pluang at Rp38.417 with a 1-day gain of 12.35%. The market cap stands at Rp15,21 trillion and the 24-hour trading volume is Rp3,27 trillion. Despite the news of high wash trading and selling pressure, Pluang users show strong buying interest with 99% buy orders and a typical hold time of 13 days.
