Headline: Alameda swaps $24.5M in STG for ZRO as LayerZero buzz fuels sharp rally — but profit-taking drags price lower LayerZero’s native token ZRO has become the center of fresh market attention after a flurry of positive announcements and a sizeable institutional-sized swap from Alameda’s bankruptcy wallet. Quick take - Alameda reportedly exchanged 129.04 million STG (about $24.49 million) for 11.14 million ZRO (roughly $24.29 million), according to on-chain tracker Lookonchain. - ZRO surged after the team unveiled “Layer1‑Zero,” hitting intraday highs around $2.50–$2.59 on Feb. 11, but later retraced to a low near $2.05. At the time of writing ZRO traded at $2.071, down ~11.6% on the day but still up roughly 21% on the week. - Market-level flows show stronger buying interest over the past 24 hours: Coinalyze reports $32.47M in buy volume vs. $30.2M in sell volume, with a buy-sell delta north of 2M across major exchanges. CoinGlass data shows spot netflow peaked at $6.16M on Feb. 11 and stood at $3.23M at press time. What’s driving the move LayerZero’s price pop followed the team’s Layer1‑Zero announcement, which outlined four technical pillars—storage (QMDB), compute (FAFO), networking (SVID) and zk proving (Jolt Pro)—framed as breakthroughs to boost performance and cross‑chain interoperability. The update, paired with institutional interest, pushed traders to take positions ahead of potential upside. Institutional signals Investor confidence was further bolstered by LayerZero’s collaboration with ARK Invest and Cathie Wood’s addition to the project’s advisory board, headlines that helped draw both retail and institutional capital. Alameda’s STG-for-ZRO swap was widely interpreted as a vote of confidence from a major on-chain actor. Price action and technical picture - Short-term: After the mid‑February spike, ZRO pulled back from local highs and traded around $2.07 at the time of reporting. The token remains inside an upward channel established during the rally. - Indicators: ZRO sits above its 20-, 50-, 100- and 200-day EMAs—a bullish structural signal—and the RSI reads in bullish territory near 61, suggesting buyers retain the edge despite recent profit-taking. - Flows and risk: Large inflows and rapid price appreciation can invite heightened volatility as traders lock in gains; the recent retracement appears to reflect that dynamic. Scenarios to watch - Bull case: Momentum resumes and ZRO reclaims $2.50, with $3.01 as the next resistance target. - Bear case: If selling pressure intensifies, near-term support zones lie around the EMAs (notably the 20- and 100-day EMAs, near $1.80). Bottom line LayerZero’s product announcement and ARK partnership sparked renewed demand and a notable institutional-sized swap by Alameda, helping ZRO climb sharply over the week. That said, the market has already begun to consolidate and pull back, so traders should expect volatility as the story unfolds. The token’s technicals remain constructive, but momentum will need to hold for further upside. Not financial advice: This article is for informational purposes only. Cryptocurrency trading carries substantial risk—do your own research before making investment decisions. Sources: Lookonchain, Coinalyze, CoinGlass, TradingView. Read more AI-generated news on: undefined/news

#BTC