LayerZero Partner Moves 8M ZRO to Coinbase Prime in Major Transaction

A strategic partner of LayerZero moved 8 million ZRO tokens worth approximately $14.98 million to Coinbase Prime on October 3. This represents the first major movement from a 40.57 million ZRO allocation received by two related addresses about one year ago. The transfer places a substantial portion of the partner-linked holdings under institutional custody.

The reported transfer is a partial movement, as approximately 32.57 million ZRO remain outside the reported transaction, implying that the transfer in question should be considered a partial transfer rather than a sign of liquidation of all ZRO of the respective strategic partner.

LayerZero's official token documentation states that ZRO has a total supply of 1 billion tokens. The allocation in question belongs to the tokens that are part of the total supply of tokens that need to be vested by LayerZero.