The LayerZero (ZRO) token shows significant price declines ahead of the major token unlock. The situation intensifies on the crypto market.
LayerZero Price Dynamics
In the past 24 hours, the LayerZero token price has dropped by 2%, and it has lost over 17% in the past week. Currently, the price of ZRO stands at $1.80, significantly lower than its recent high of $3. Overall, the token has declined by more than 31% in the last month.
Expected Token Unlock
LayerZero is facing a significant token unlock on June 20, 2025. This could deepen the bearish outlook, with Tokenomist reporting that $46 million worth of tokens will enter circulation, accounting for 23.13% of the circulating supply. Analysts note that this upcoming unlock is the first of many, covering allocations for strategic partners and core contributors.
Voting by ZRO Holders
Additionally, on June 20, 2025, ZRO holders will vote on whether to implement a protocol fee. Voting will remain open until June 27, and if approved, a fee would be introduced on every network message. The collected fees would be used to buy back and burn ZRO tokens. The quorum for the vote is set at 50.40%, with a simple majority required for approval.
The price decline and upcoming token unlock create uncertainty for LayerZero investors. The decision on the implementation of fees will also influence future market dynamics.
