ZRO Price Drops Amidst Upcoming Token Unlock Concerns

The price of ZRO (LayerZero) has dropped by 3.25% over the last 21 hours due to concerns about an upcoming token unlock, according to CoinMarketCap.

A Binance News feed item announced that on August 20, 25.71 million ZRO tokens will be unlocked, which is roughly a 7% increase in circulating supply.

This news has led traders to discount the price of ZRO ahead of time, as some holders who received earlier allocations or are sensitive to dilution may sell their tokens before the unlock date.

The impact of an unlock depends on its size relative to existing float and daily trading volume. In this case, the 25.71 million unlock is significant, especially considering it's a sizable portion of ZRO's current circulating supply.