ZRO is caught on to a bit over 80 cents, up 23% in 24 hours, with a market cap of over 600 million. LayerZero is a cross-chain project; old players are familiar with it. Back in the April cross-chain vulnerability incident this year, it even traded blame back and forth with Kelp DAO. This time, there’s been no news at all—just a hard pump.

Trading volume is just over 5 million paired with a market cap of over 600 million; the turnover is so low it’s basically negligible. I can’t make sense of a rise like this out of nowhere. The order book is so thin that flipping two pages might be the bottom.