LayerZero Labs Invests $10M in ZRO Token Buyback, Driving Price Surge

LayerZero Labs has initiated a significant buyback program for its native token, ZRO, injecting $10 million into the market. This action quickly led to a notable price increase for ZRO. Preliminary data indicates that ZRO’s price momentarily approached the key resistance level of $2. The buyback occurred without any official statements from executives or regulatory announcements, with market participants observing the potential implications for token value management.