LayerZero Labs’ $10 million token purchase: Is this just the beginning for ZRO price prospects?

The price of LayerZero’s native token, ZRO, surged to become one of the top gainers on November 7, 2025. A significant $10 million purchase of LayerZero tokens by the company is credited for this boost, with bulls reaching intraday highs of $1.87, leading to speculation about further increases.

LayerZero’s Token Price Rises Following $10 Million Purchase

On November 7, LayerZero Labs announced a major market move, purchasing $10 million worth of its own ZRO tokens. This acquisition adds to the company’s balance sheet and has sparked interest in the token.

LayerZero Labs has purchased $10m of ZRO for its balance sheet. https://t.co/GsUFGs8for

— LayerZero (@LayerZero_Core) November 6, 2025

In its announcement, LayerZero Labs expressed that ZRO is one of the most undervalued assets currently available, emphasizing its crucial role in facilitating significant changes in the financial system through a permissionless global infrastructure.

Earlier in the week, ZRO had dipped to a several-month low of $1.28 amid a broader cryptocurrency market slowdown and a token unlocking event on October 20 that released 25.71 million ZRO into circulation. However, on November 7, the token rebounded sharply from a low of $1.43 to $1.87, with trading volume surging to over $142 million, showing a 190% increase.

This strong momentum has led bulls to target gains above $2, provided support levels between $1.66 and $1.52 can be maintained.

Understanding LayerZero’s Strategic Moves

LayerZero’s proactive intervention reflects a strong internal confidence, countering dilution arguments and restoring faith among holders. The platform now connects over 50 blockchains, including Ethereum, BNB Chain, and Avalanche, enabling seamless omnichain applications for decentralized finance projects like Stargate Finance and Radiant Capital.

The buyback not only slightly reduces the circulating supply but also positions ZRO as a cornerstone for governance and staking rewards, promoting long-term participation. Such actions could encourage further accumulation among major holders, intensifying competitive treasury strategies within the cryptocurrency space.

Current ZRO Price Analysis

As of now, ZRO has maintained its upward trajectory, trading at $1.66, despite moving away from its intraday highs. Gains of over 13% in the last 24 hours put the weekly increase at 8%, helping to mitigate last month’s losses to 31%.

While still facing challenges over longer timeframes, the price remains above a critical downward trendline, solidifying its position above recent support at $1.60 with fluctuations ranging from a low of $1.64 to a high of $1.87.

The relative strength index (RSI) stands at 57, having pivoted from overbought conditions, while the moving average convergence divergence indicator supports this trend with a bullish crossover.