After ZRO repurchase, can the LayerZero price reach US$3?

LayerZero prices rose about 41% in seven days, fueled by repo and derivatives activity.

The LayerZero (ZRO) token price climbed about 41% in seven days to around US$2.13. The rise was accompanied by the release of the latest round of ZRO repurchase reports and increased derivatives trading activity, marking the strongest market for the token in months.

ZRO Price Performance and Key Technical Indicators

According to the latest data from CoinGecko, the current trading price of ZRO is approximately US$2.13, up approximately 11.8% in 24 hours and up to 41.1% in seven days. In the past 30 days, the token has increased by approximately 97% and its market value is close to US$840 million. The 24-hour spot trading volume is approximately US$158 million.

This round of gains pushed ZRO to regain its footing at the US$2 mark. In previous months, the token had been running below this price for most of the time. The latest 24-hour trading range lies between $1.91 and $2.18, so the $2.18-$2.20 area becomes the first resistance test level for traders before assessing whether it is possible to move further towards the $3 target.

From the weekly structure, ZRO has improved significantly after regaining the lows of July and August. The latest weekly chart shows prices falling back to around $2.10-$2.13 after hitting around $2.19, near the current local highs.

布林带（Bollinger Bands）指标揭示了此次行情的迅猛程度。ZRO 目前交易在周线布林带上轨（约 1.84 美元）之上，中轨位于 1.08 美元附近。价格在布林带上轨上方运行通常表明动能强劲，但也可能在买盘放缓时面临盘整风险。

周线相对强弱指数（RSI）已升至约 67.6，较复苏初期的疲软读数大幅回升。虽然该指标仍低于传统的 70 超买阈值，但已接近该水平，显示出市场动能处于高位。

若要实现突破延伸，ZRO 首先需要确立在近期高点 2.18–2.20 美元上方的支撑。若能有效突破，下一个明显的心理阻力位将是 3 美元。若无法维持突破，则布林带上轨附近的 1.84 美元将重新成为首要的技术支撑区域。

分析师观点：基本面改善与技术面看好

加密货币分析师 Pentoshi 称赞 ZRO 拥有“出色的周线图”，并指出随着 ATLAS 项目的临近，该项目的基本面已明显改善。需要注意的是，这仅为分析师观点，并非确定的价格目标。

Pentoshi 表示：“$ZRO 的周线图表非常漂亮，随着 Atlas 在未来几周内推出且 75% 的手续费将用于购买原生代币，基本面显然有了巨大改善。这些都不是小数目，我认为整体潜力上限很高。”

On-chain data shows that ZRO repurchase continues

As prices rise, ZRO's repurchase activity returns again. On-line monitoring data shows that LayerZero made another purchase on October 6. According to reports, LayerZero purchased approximately 162,000 ZROs worth approximately US$347,000, bringing the cumulative public market purchase to approximately 2.538 million.

LayerZero's official repurchase tracker has not yet been included in the latest reported transactions. Data currently listed on the foundation's page shows that a total of 2,375,357 ZROs were purchased as of August, with a cost basis of approximately US$3.33 million. If an additional 162,000 are added, the total will be close to the figure of 2.538 million cited by chain surveillance agencies.

Existing buybacks are mainly tied to revenue from the Stargate agreement. LayerZero has stated that Stargate's income funds are used to regularly purchase ZROs, which means the purchase of tokens on the open market through revenue collected through cross-chain conversions and transfers. Previously, during the downturn in ZRO pricing, LayerZero Labs purchased $10 million worth of ZRO on the open market in November 2025.

It is worth noting that not all movements on the chain point in the same direction. On October 3, two addresses associated with LayerZero's strategic partners transferred 8 million ZROs to Coinbase Prime, valued at approximately $14.98 million. These addresses received 40.57 million ZROs from strategic partners 'multi-signature wallets a year ago. However, the transfer to Coinbase Prime does not necessarily mean that the tokens are being sold, as the platform can also be used for custody and institutional transactions, and there is currently no public statement on the purpose of the transfer.

The ATLAS project is expected to create a new source of ZRO demand

Since LayerZero introduced ATLAS in August, market attention has increased significantly. LayerZero describes ATLAS as a trading infrastructure system designed to provide matchmaking, clearing, settlement and risk management functions for open and institutional markets. The product runs on the Zero Network, a blockchain launched by LayerZero specifically for financial markets workload plans.

The fee structure gives ZRO direct role positioning. Trading venues using Open ATLAS can receive rebates ranging from 20% to 65% based on transaction volume and ZRO pledge status. After deducting venue rebates, 25% of the remaining economic proceeds are distributed to the market creator, while 75% is dedicated to the purchase and destruction of ZRO tokens.

Previously reported that ATLAS's design provides ZRO with another fee-linked mechanism in addition to the existing Stargate repurchase. After ATLAS was initially announced in August, ZRO prices rose more than 16%.

As of now, LayerZero has not announced the specific date of the ATLAS main network. Its official website only stated that the system will be "launched later this year." As a result, Pentoshi's reference to a launch in the next few weeks remains within analyst expectations rather than the company's confirmed timetable.

Derivatives market expands, leveraged trading is active

As the spot market rebounded, so did the derivatives market. Data shows that the 24-hour trading volume of ZRO futures is close to US$308 million, and Open interest is approximately US$279 million. Derivatives were at about $2.11, up about 10.6% over the same period.

Open interest measures the value of open futures positions. The rise in its price is accompanied by an increase in open interest, indicating that traders are increasing their leverage exposure, but this is not sure whether the next trend will be up or down.

Recent liquidation data shows that short positions are under pressure during the rise. Data shows that there are approximately US$51,000 short liquidations in the latest snapshot, compared with approximately US$29,000 long liquidations, with Binance accounting for the majority of short liquidations.

The current amount is still small compared to earlier ZRO clearing events. This suggests that price movements are not just driven by forced short covering, but as volatility increases, the growth of open interest means that the size of liquidations may increase.

There will be a new round of token unlocking on October 20.

The next supply release of ZRO is scheduled for October 20, which will be another key date for traders to pay attention to if the price continues to move towards US$3.

DefiLlama's unlocking tracker shows that approximately 23.63 million ZROs are expected to be unlocked among core contributors and strategic partners. At current prices, the tokens are worth approximately US$50 million, accounting for approximately 5.9% of the circulation shown by trackers.

This planned release includes approximately 10.63 million ZROs distributed to core contributors and 13 million distributed to strategic partners. Previously, LayerZero had bought back 50 million tokens from early investors, reducing release plans for strategic partners.

Looking back at this time last year, ZRO faced selling pressure during the unlocking period in October 2025, when Stargate-related buybacks began to provide another source of market demand. The release on October 20 is expected to take place around 05:33 UTC.