An unknown entity or person is secretly stockpiling LayerZero’s ZRO token. At the time of writing, the whale in question has purchased $47.5 million worth of ZRO, or approximately 24.5 million tokens; This corresponds to 2.6% of the circulating supply.
Accordingly crypto analysis platform NansenSavings frenzy is going on in 9 wallets financed by a single source: CoinbasePrime. The company emphasized this further.
Accumulation quietly begins at Coinbase in early March. Accumulation started exactly 3 weeks after the Zero Chain announcement.
Given the coincidence of whale-level investment with the chain announcement, some market observers speculated that the investor could be part of LayerZero’s inner circle.
LayerZero denies knowing mystery buyer
But LayerZero CEO Bryan Pellegrino clarified He said he did not know the investor.
We told every fund and institution we spoke to that our preference was for them to purchase ZRO directly from the open market rather than from laboratories or foundations. No special offers, no discounts.
The Zero chain is planned to go live in the fall of 2026, and the project has attracted the interest of major financial backers such as Citadel Securities, Tether, Ark Invest and Google. To some, this could be a positioning for institutional trading of tokenized markets.
However, it is not yet known whether the mysterious whale buyer plans to sell the tokens once the chain goes live.
ZRO hits sales wall
This said, NONE It is up 60% from the low in the $1.49 range and has reached $2.5, a key resistance zone since the second half of 2025. Last recovery attempts in January and February were rejected at roadblock (red).
If the trend repeats, late buyers can expect another buying opportunity at $1.50. However, turning $2.5 into support could extend the rise to $3.3.
However, over 34 million ZRO was achieved in the resistance zone, which may cause some investors who upset the balance to close their positions. If so, this could increase pressure and reinforce the area as a major roadblock.
However, at the time of writing, shareholder selling pressure was not yet evident.
According to the 14-day average Owner Net Position Change, investors were still holding and adding to their stashes, as indicated by the green bars.
However, if the metric turns red, it could mean that holders are starting to unload. Such a move could further strengthen $2.5, a key hurdle the bulls must overcome to extend the rally.
Final Summary
- A mystery whale purchased 2.6% of the overall ZRO circulating supply, but LayerZero denied any connection to the investor.
- The $2.5 level has been a barrier since 2025 and could derail the ZRO recovery if there is no catalyst in the near term.
