Affected by the proposal from the LayerZero Foundation to acquire the StarGate cross-chain bridges, both ZRO and STG have risen over 14% in 24 hours.

On August 11, according to CEX data, ZRO rose over 22% in 24 hours, currently reported at $2.432. STG rose over 14% in 24 hours, currently reported at $0.1906. Previously reported, on August 11 at 7 AM, the LayerZero Foundation proposed an acquisition of the StarGate cross-chain bridges and its STG token for $110 million. According to the proposal terms, the STG token will be deactivated, and STG holders can exchange their tokens for LayerZero's native token ZRO, at an exchange rate of 1 STG for 0.08634 ZRO, equivalent to each STG valued at $0.1675 and each ZRO valued at $1.94.

ZRO30.64%
STG21.42%
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