18 Wallets Scoop Up $79.7M in LayerZero $ZRO

Eighteen large wallets have secretly accumulated roughly $79.7 million worth of LayerZero’s ZRO token, representing a significant share of its circulating supply. According to blockchain analytics from Nansen, the buys happened in two major waves and were entirely funded through institutional channels like Coinbase Prime, with no recorded sell activity, signaling strong holding sentiment. This buildup started a few weeks after LayerZero announced its new Zero Layer‑1 network, and comes just before a scheduled token unlock event, suggesting confidence in long‑term prospects.