Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
LayerZero’s ZRO jumps 30% after Cathie Wood backs ‘Zero’ chain

LayerZero’s ZRO jumps 30% after Cathie Wood backs ‘Zero’ chain

AMBCryptoAMBCrypto2026/02/11 23:03
By:AMBCrypto

The tokenization boom and corporate positioning have begun to play out, and LayerZero’s [ZRO] latest Layer-1 chain, Zero, is just one of the telltale signs. 

The protocol, which started out as an interoperability layer, has upped its bets and debuted its high-performing chain, Zero, backed by high-profile institutions in global financial markets, including Citadel Securities, DTCC, ICE, and Ark Invest.

In fact, Ark Invest’s Cathie Wood has been named advisor, and she fully supported LayerZero team. She added,

“I couldn’t think of a better opportunity to join an advisory board for the first time in a long time. Finance is moving on-chain, and I believe LayerZero will be one of the core innovation platforms supporting this multi-decade shift.”

ZRO explodes 30%, but will it hold the gains?

With firms positioning for tokenized asset workflows, LayerZero is now on the institutional radar. And the retail market jumped on the update, as illustrated by the protocol’s token ZRO’s explosive pump. 

LayerZero’s ZRO jumps 30% after Cathie Wood backs ‘Zero’ chain image 0

Source: ZRO/USDT, TradingView 

ZRO surged over 30%, rising from $1.8 to $2.3. The latest bounce helped extend its February recovery gains to 81%.

AMBCrypto had anticipated the latest bounce; however, at press time, a cool-off may not be overruled despite the extremely bullish updates. 

Notably, the rally hit the H2 2025 resistance level of $2.4, suggesting that the level could attract sellers who have held throughout the Q4 market rout. As such, investors willing to cut their losses at break-even may do so at this level, hence calling for caution. 

Besides, the RSI was near the oversold territory, suggesting the upside momentum may be limited before a potential reversal. If so, a retest of $1.8 could offer new buying opportunities. 

But the bearish outlook could be invalidated if price clears the 2025 hurdle and flips $2.5 into support. In such a scenario, the next bullish target is $3.0, with a 25% potential gain if it is hit. 

Interestingly, some analysts expected the altcoin to soon join the top 20 crypto assets.

Speculative interest in ZRO explodes, but… 

The buying pressure after the update was also strong in the derivatives market. Speculative interest nearly doubled, with Open Interest rising from $84 million to over $154 million in the past 24 hours. 

LayerZero’s ZRO jumps 30% after Cathie Wood backs ‘Zero’ chain image 1

Source: Velo 

However, Exchange Net Position Change also hit a five-month high of $7 million, last seen before the October crash.

This meant selling pressure also surged as holders moved to sell into the rally. If the dump intensifies, the $2.4 level could become a hurdle for bulls for a while. 

LayerZero’s ZRO jumps 30% after Cathie Wood backs ‘Zero’ chain image 2

Source: Glassnode

Final Thoughts 

  • LayerZero unveiled a new performant L-1 chain, Zero, and tapped Cathie Wood into the advisory board
  • ZRO extended its recovery to 80% after the revelation of top institutions backing the firm

 

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

5% US Treasury pressure weighs on global assets, while Australian government bonds open up a window for allocation? Fixed income giant Pimco calls the rate hike expectations too aggressive

Pacific Investment Management Company (Pimco) holds a constructive view on Australian bonds, believing that market expectations for rate hikes are too high. Pimco stated that the rate hike cycle in Australia has been "fully priced in," and cracks are beginning to appear in the economy, making Australian bonds look attractive, especially in the 5- to 10-year segment of the yield curve.

智通财经•2026/09/28 07:01

Only a few stocks are rising! Goldman Sachs warns: US stock market breadth hits the worst level since the 2000 internet bubble, with rare divergence in bond volatility

Flood, a Goldman Sachs partner, believes that leading AI companies are propping up the market indexes, while median stocks have fallen 16% from their highs. More unusually, Garrett, the head of derivatives trading at Goldman Sachs, warns that the bond volatility MOVE index is at an extremely high percentile, yet the VIX remains subdued. Jonathan Krinsky, a strategist at BTIG, points out that while total hedge fund leverage is rising, net leverage is falling, indicating a contradiction of "increasing exposure without increasing direction," and warns: "Something has to give."

华尔街见闻•2026/09/28 06:56