LayerZero Price Rises 8% After DAO Burns 303M STG, Eyes $3.96 by 2026

LayerZero's ZRO token jumped 8% after the DAO burned 303 million STG tokens, finalizing the transition from STG to ZRO. The rebrand simplifies the project's token structure and reduces supply. Market participants watch supply events closely, but price movements depend on broader demand and market conditions. The token currently consolidates within a bullish pennant formation, with analysts forecasting potential upside of 140% to $3.96 by the end of 2026.