TechFlow News: On February 12, analyst Yujin reported that, two hours ago, Alameda Research’s bankruptcy liquidation address swapped 129 million STG tokens—representing 12.9% of STG’s total supply—for 11.142 million ZRO tokens (approximately $24.29 million).
This move follows LayerZero’s announcement of its upcoming L1 blockchain, Zero. As an investor in Stargate (STG), Alameda Research acquired these STG tokens through vesting unlocks.
In August 2025, Stargate was acquired by LayerZero for $110 million; STG holders may exchange their tokens for ZRO at a fixed rate of 1 STG = 0.08634 ZRO.
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