dogecoin yahoo conversation window|In This ArticleToken Unlock Schedule For LayerZero Crypto Will Make It Difficult For ZRO To Break Ou

LayerZero crypto has fallen 2% overnight due to a token unlock taking place today (June 20), which will see 24.68 million ZRO tokens unlocked to ‘Strategic Partners’ and ‘Core Contributors’, amounting to $44.68 million at current prices.

The unlock of 24 million ZRO tokens is equivalent to more than 21% of the LayerZero crypto market cap, a worrying statistic that is causing significant volatility within the project due to the substantial dilution that accompanies such a sizeable unlock.

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Token Unlock Schedule For LayerZero Crypto Will Make It Difficult For ZRO To Break Out Of Its Downtrend Anytime Soon

While today’s token unlock for LayerZero crypto is bad enough, the most worrying part is that it will be repeated on the 20th of each month through til June 2027. This means significant selling pressure will persist for the ZRO token over the next two years.

ZRO launched one year ago today, June 20, 2024, and has had a rocky road for most of its journey thus far. It launched at $3.44, and by December 2024, it had surged nearly 100% to $7.13 but has been stuck in a downtrend ever since.

From those December highs, ZeroLayer crypto dropped over 80%, to $1.62, before a brief rally in March took it to $3.32. It was a short-lived revival, and ZRO has since fallen again, where it is currently trading for around $1.8, and struggling to break out.

Even with the increased sell pressure plaguing the ZRO token with its monthly unlocks, it has held steady above a key support level of $1.65 and now faces resistance at $2. If ZeroLayer can break out above $2 on an LTF, a move toward its next heavy resistance zone between $3.10-3.25 is the logical next step.