ZRO

1.93

-10.97%

LayerZero $ZRO jumped more than 31% in the last 24 hours, with trading volume rising sharply as well.

Interestingly, funding rates in the futures market turned strongly negative, which means many traders were betting against the rally even as the price moved up. This can sometimes create extra volatility if short positions get squeezed.

On-chain data also showed a whale taking profits by swapping some ZRO for USDC, highlighting active and strategic trading around the token.