LayerZero Had A $26M Supply Test Landing $ZRO is dealing with a very visible piece of tokenomics: roughly 25.7 million tokens, worth around $26–27 million, were unlocked. Current trackers put the release at roughly 6–7% of circulating supply, making it unusually large relative to the token’s existing float. ZRO was already down roughly 4%, with the upcoming unlock cited as one of the main pieces of supply overhang traders were watching. There wasn’t an accompanying hack, delisting or obvious project-specific shock. What makes unlocks interesting is that the headline number doesn’t tell you how much actually gets sold. These releases were scheduled, everyone could see them coming. Traders could hedge beforehand, holders could decide not to sell, and some of the new supply may have never reach an exchange, so the better thing to watch after wasn't the unlock itself. It’s whether those 25.7M ZRO actually became liquid market supply, and whether exchange balances and selling activity moved with them. #Macro Insights# #Altcoin Season#