STG has officially “disappeared” from Binance, while the asset taking its place, $ZRO , has climbed to its highest level since March 🔄
At 16:00 today, Binance announced that all Stargate STG had been converted to ZRO at a rate of 1 STG = 0.08634 ZRO, and that deposits and withdrawals of the old STG are no longer supported.
Data (Binance spot, 10-07 16:29): ZRO is trading at 2.246 USDT, up 5.2% over 24 hours, with a trading volume of about 20.2 million U. It ranked among the top 6 gainers even as 47 of the 58 coins were down.
Two comparisons are worth noting:
1️⃣ The August 2025 acquisition proposal valued ZRO at $1.94, around 16% below its current price.
2️⃣ According to AMBCrypto, ZRO recently climbed above 2.19 for the first time since March.
My take: With the merger complete, the “automatic conversion sell-side” from STG holders has now materialized. The question going forward is whether this newly added ZRO will be sold.
The scenario: If ZRO holds above 2.29 on rising volume (Bitget’s 24-hour high), it could extend its six-month high trend. If it falls back below 2.05, the breakout will have failed, and it may return to consolidating below 2.
Now that the conversion has taken effect, do you think this means selling pressure or new buyers entering the market?
Sources: Binance announcement, AMBCrypto, Bitget
$ZRO #LayerZero #BinanceAnnouncement
#BinanceSquare
⚠️ The above is a summary of information and personal opinion, not investment advice. DYOR.
At 16:00 today, Binance announced that all Stargate STG had been converted to ZRO at a rate of 1 STG = 0.08634 ZRO, and that deposits and withdrawals of the old STG are no longer supported.
Data (Binance spot, 10-07 16:29): ZRO is trading at 2.246 USDT, up 5.2% over 24 hours, with a trading volume of about 20.2 million U. It ranked among the top 6 gainers even as 47 of the 58 coins were down.
Two comparisons are worth noting:
1️⃣ The August 2025 acquisition proposal valued ZRO at $1.94, around 16% below its current price.
2️⃣ According to AMBCrypto, ZRO recently climbed above 2.19 for the first time since March.
My take: With the merger complete, the “automatic conversion sell-side” from STG holders has now materialized. The question going forward is whether this newly added ZRO will be sold.
The scenario: If ZRO holds above 2.29 on rising volume (Bitget’s 24-hour high), it could extend its six-month high trend. If it falls back below 2.05, the breakout will have failed, and it may return to consolidating below 2.
Now that the conversion has taken effect, do you think this means selling pressure or new buyers entering the market?
Sources: Binance announcement, AMBCrypto, Bitget
$ZRO #LayerZero #BinanceAnnouncement
#BinanceSquare
⚠️ The above is a summary of information and personal opinion, not investment advice. DYOR.