LayerZero ZRO buys 162k tokens as price nears $3 target
LayerZero (ZRO)
Editor:
Eugene Serbin
crypto.news reports that LayerZero repurchased 162,000 ZRO for approximately $347,000, bringing cumulative open-market purchases to 2.538 million tokens. This latest acquisition coincides with a 41% price surge over seven days, lifting ZRO to around $2.13. The foundation’s buyback program is funded by Stargate revenue from cross-chain swaps and transfers.
Additionally, the ATLAS infrastructure system will direct 75% of post-venue fees toward buying and burning ZRO tokens. Futures open interest has risen to $2.79 billion, indicating increased leveraged trading activity across exchanges. On-chain data shows the token trading near $2.13, up 11.8% in 24 hours and 97% over 30 days.
Technical indicators show the price trading above its upper weekly Bollinger Band near $1.84, with a weekly RSI at 67.6. Crypto analyst Pentoshi described the ZRO weekly chart as “great” and noted improved fundamentals ahead of the ATLAS launch. A sustained break above the $2.18–$2.20 resistance could target the $3 psychological level. Conversely, failure to hold support could see price retest the $1.84 band.
How the market reacted
Whalio's own Binance spot order flow for ZRO, measured when this story was written up on 6 October 2026. Not the outlet's figures.
Whalio’s Binance spot data shows ZRO trading at $2.17 with a 1-hour buy ratio of 53.7% and a 4-hour buy ratio of 50.9%. These short-term figures indicate a slight uptick in buying pressure compared to the 24-hour buy ratio of 47.3%. The 1-hour volume delta is positive at +$46,453, while the 4-hour delta is +$22,744, suggesting immediate buyers are currently outweighing sellers. However, the 24-hour volume delta is -$1,467,351 and the CVD is -$2,112,472, showing that net selling has dominated the full day. This divergence implies that while recent minutes show aggressive buying, the broader daily trend remains net negative. The flow indicates a potential short-term reversal or consolidation after the daily sell-off.
The latest daily buy ratio of 49.7% sits at the 64th percentile of the last 322 days, against a median of 48.5% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ZRO, averaged over the days leading up to the story.
Over the preceding week, ZRO saw a 38.9% price increase with a 7-day average buy ratio of 51.6%. Today’s 24-hour buy ratio of 47.3% is 4.3 points lower than this weekly average, marking a less bullish day than the recent trend. Spot volume of $25,183,692 is 1.12 times the weekly average, indicating unusually high activity. This volume spike occurred despite the daily net selling, suggesting significant churn. The week saw net buying on 6 of 7 days, but today’s data shows a shift toward net outflows. This represents an unusual day of high volume without the corresponding net buying seen in the prior six days.