LayerZero just made one of its boldest moves yet. Yesterday, @LayerZero_Core confirmed a massive buyback of 50 million ZRO tokens, equal to 5% of the total supply. The tokens were repurchased directly from early investors, a rare step in today’s market and one that highlights confidence in $ZRO’s long-term vision. On CoinMarketCap, ZRO trades at $1.9, with a market cap of $479M and daily volume of $52M. Why This Buyback Is Important Token buybacks are not common in crypto. Only a handful of projects ever step in to repurchase supply from their earliest backers. Early investors usually enjoy steep discounts,
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