LayerZero Announces $110M Buyback Plan for Stargate, Impacting Prices

LayerZero Foundation has proposed a massive $110 million buyback of Stargate tokens to benefit the LayerZero ecosystem. This initiative directly impacts STG and ZRO token prices, creating immediate surges in trading activity for both tokens. The buyback will realign Stargate revenue with ZRO, potentially driving increased market activity. Details surrounding the plan involve a substantial buyback pool alongside a redemption mechanism allowing Stargate users to exchange their STG tokens for ZRO tokens.