LayerZero to Unlock 23.63 Million ZRO Tokens on October 20

Key Facts

1LayerZero is set to unlock 23.63 million ZRO tokens on October 20, representing 5.93% of the circulating supply.

2The unlocked tokens include allocations for core contributors and strategic partners.

LayerZero is set to unlock 23.63 million ZRO tokens on October 20, representing 5.93% of the current circulating supply. Tokenpost reported that the release is part of a pre-determined vesting schedule, with 10.63 million tokens allocated to core contributors and 13 million tokens designated for strategic partners.

The upcoming increase in supply occurs as the circulating volume of ZRO stands at approximately 399.18 million tokens out of a maximum supply of 1 billion. While the injection of new tokens typically creates sell-side pressure, market participants often price in such scheduled unlocks ahead of the actual distribution date.