High Bidder Emerges in Stargate Acquisition – Wormhole Makes Surprise Play

The Wormhole (W) Foundation has announced it will submit a considerably higher bid than LayerZero’s $110 million ZRO offer to acquire Stargate (STG), citing the token’s undervaluation. To facilitate this process, they have requested that Snapshot be suspended for five days while they finalize their proposal, aiming for a more competitive and favorable outcome. Please note: This is not financial advice.