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ZEC $1,369 Can LayerZero price hit $3 after ZRO buybacks?
ZRO traded near $2.13 after a 41% weekly gain as reported buybacks reached 2.538 million tokens.
Key takeaways
- Buybacks keep growing. LayerZero's latest reported purchase was 162,000 ZRO worth about $347,000, lifting reported cumulative buys to 2.538 million tokens.
- Momentum looks stretched. Weekly RSI sits near 68, and ZRO trades above its upper Bollinger band near $1.84.
- $2.20 is the first test. ZRO trades near $2.13, and reports name $3 as the next level if $2.20 clears.
What happened
ZRO traded near $2.13 on Oct. 6, up roughly 11.8% in a day and 41.1% over seven days, per CoinGecko data cited in reports. The token added about 97% in 30 days. Its market capitalization stood near $840 million and 24-hour spot trading volume was around $158 million. The latest 24-hour range ran from about $1.91 to $2.18.
A 162,000 ZRO purchase worth about $347,000 lifted reported cumulative open-market buys to 2.538 million tokens, per on-chain monitoring. Coinpedia valued that running total near $5.4 million at current prices. LayerZero's own tracker had not yet included the new transaction, while its Foundation page listed 2,375,357 ZRO bought at a cost basis of roughly $3.33 million through August.
LayerZero says Stargate revenue funds most of those purchases. The protocol says ATLAS will send 75% of post-venue fees to buy and burn ZRO, and Coinpedia reported that 75% of remaining ATLAS fees after rebates feed the same mechanism. Reports describe the flow as a possible demand floor as network activity grows.
Why it matters
The buyback links ecosystem revenue to recurring ZRO purchases. ATLAS is pitched as venue infrastructure, and reports say venues can stake ZRO for higher fee rebates, tying the token to platform activity rather than price alone.
Futures open interest near $279 million shows leveraged activity rising alongside the spot move. Analyst Pentoshi called the weekly chart great and said fundamentals had improved as ATLAS approaches, those are his views, not a confirmed price target.
What the data shows
Weekly RSI reached about 67.6, and a second report put it near 68, still under the traditional 70 overbought line but elevated. ZRO traded above the upper weekly Bollinger band near $1.84, with the middle band around $1.08.
Immediate resistance sits at $2.20, with the $2.50 region in focus on a sustained break. A rejection would put the $1.90, $2.00 breakout zone back in view, according to Coinpedia.
What is still unclear
- Reports call $3 the next visible level above the 2.18, 2.20 area, but neither confirms it as a target.
- LayerZero's buyback tracker has not yet incorporated the latest reported transaction, so reported totals may differ from the Foundation's own figures.
- Whether ZRO holds the breakout depends on buyers defending the 2.18, 2.20 high.
Questions readers ask
Can ZRO price hit $3?
Reports describe $3 as the next visible level once ZRO holds above the 2.18, 2.20 area, but neither confirms a $3 target. Momentum near 68 RSI can leave room for consolidation first.
How much ZRO has LayerZero bought back?
The latest reported purchase was 162,000 ZRO worth about $347,000, which took reported cumulative open-market purchases to 2.538 million ZRO.
What is ATLAS and how does it affect ZRO?
LayerZero says ATLAS provides matching, clearing, settlement and risk-management infrastructure, and directs 75% of post-venue fees toward buying and burning ZRO.
What are ZRO's market cap and 24-hour volume?
Reports put ZRO's market capitalization near $840 million and 24-hour spot volume around $158 million, with the token trading near $2.13.
