ZRO Price Breaks Over 10% Despite $1.13M Binance Deposit From LayerZero-Linked Wallet

LayerZero price has been displaying significant strength in the past few days, surging over 25% from the July lows. The price surged over 10% in the past 24 hours, extending its recovery despite renewed selling pressure. In a recent update, a wallet linked to the protocol’s Mint MultiSig transferred millions of $ZRO to Binance, marking the highest transfer. On the other hand, the derivatives suggest the market may have absorbed the selling pressure. Traders are now watching whether the momentum may persist and help the token validate the breakout.

Whale Activity Points to Continued Token Distribution

On-chain data shows that a wallet associated with LayerZero’s Mint MultiSig transferred 1.2 million $ZRO, worth approximately $1.13 million, to Binance, extending a series of large exchange deposits over the past month.

The wallet received 2.345 million $ZRO from LayerZero around a month ago and has since transferred more than 3 million $ZRO, valued at roughly $3.4 million, to Binance. Previous transactions also indicate that the wallet moved tokens originating from LayerZero and BitGo custody wallets, adding to concerns about continued token distribution.

Adding to the activity, crypto venture capital firm Spartan Group recently transferred 1.562 million $ZRO, worth approximately $1.25 million, to wallet 0x56f. According to on-chain observers, the transfer may be linked to an over-the-counter (OTC) transaction, although neither Spartan Group nor LayerZero has publicly confirmed the purpose of the transfer.

LayerZero ($ZRO) Price Holds Firm Despite Whale Transfers

Despite continued whale transfers to exchanges, $ZRO has remained resilient, recovering from a recent low near $0.75. The token is now testing the upper boundary of a multi-week descending trendline, making the current zone a critical technical hurdle for bulls. The recovery has also been accompanied by improving momentum indicators. Open Interest has climbed to around 67.1 million contracts, its highest level in recent weeks.

This suggests fresh capital is entering the derivatives market rather than traders unwinding existing positions. At the same time, RSI has risen to 67.1, reflecting strengthening bullish momentum, although it is approaching overbought territory. From a price structure perspective, $ZRO continues to print higher lows, indicating buyers have steadily absorbed the selling pressure from recent whale activity.

However, the broader trend remains unconfirmed until the token secures a decisive daily close above the descending trendline and the immediate resistance near $0.95. While the technical setup has improved, traders should closely monitor whether rising Open Interest continues to support the recovery. A breakout backed by increasing volume would strengthen the bullish case, whereas another rejection at resistance could signal that supply from large holders is beginning to outweigh demand.

Key Levels to Monitor

• $0.95 – Immediate resistance and the upper boundary of the descending trendline. A daily close above this level would strengthen the bullish breakout thesis.

• $1.10–$1.12 – The next major resistance zone, where sellers previously regained control. A successful breakout above $0.95 could see the price target reach this area.

• $0.84 – First key support. Holding above this level would preserve the current higher-low structure and keep the recovery intact.

• $0.75 – Major support and recent swing low. A break below this level would invalidate the bullish setup and suggest sellers have regained control.

• Open Interest (67.1M) – Continued growth alongside rising price would confirm fresh market participation, while a sharp decline could indicate weakening conviction behind the rally.

$ZRO Price Outlook: Can Buyers Absorb Whale Selling?

LayerZero ($ZRO) price is at a crucial juncture where on-chain activity and technicals are telling different stories. Large holders continue to move significant amounts of tokens, raising concerns about persistent selling pressure. Yet, the market has responded with resilience, as price recovers, Open Interest rises, and buyers defend higher lows.

For now, the balance slightly favors the bulls, but confirmation is still needed. A breakout above $0.95 would indicate that demand is absorbing the ongoing distribution, while another rejection could give whale selling greater influence over short-term price action. The next few trading sessions should reveal which side ultimately gains the upper hand.