LayerZero bought more than 162,000 ZRO tokens, bringing its total buyback to 2.538 million tokens. According to Odaily, the latest purchase was worth about $347,000, and the cumulative buyback value has reached about $5.4 million.

ZRO rose above $2.13 and approached the $3 resistance level. LayerZero co-founder Bryan Pellegrino has previously expressed optimism about ZRO's long-term development.