A mysterious investor has accumulated $47.5 million worth of LayerZero's ZRO tokens, representing 2.6% of the circulating supply. The acquisition, tracked by Nansen, occurred across nine wallets funded by Coinbase Prime. Despite speculation linking the investor to LayerZero's inner circle, CEO Bryan Pellegrino denied any affiliation, emphasizing that all investors are encouraged to purchase ZRO on the open market without special deals. The ZRO token has seen a price increase of 60% from its low of $1.49, reaching a resistance level of $2.5. This level has been a significant barrier since late 2025, with recent attempts to surpass it being unsuccessful. While some investors may consider selling at this resistance, current data shows holders are still accumulating. The Zero chain is expected to launch in fall 2026, potentially influencing future trading dynamics.
LayerZero CEO Denies Connection to Whale Holding 2.6% of ZRO Tokens
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