Wrong LayerZero, Right Price Pump

Funny thing happened today with the ZRO token.

Reuters reported that Advent International, one of the world’s largest private equity firms, invested $1 billion in LayerZero Power Systems to support data center expansion.

Crypto traders immediately rushed to buy the token of the omnichain protocol LayerZero, pushing its price up by 6%. Now, the ZRO token isn’t some random hype coin - it powers a protocol used for messaging between pretty much all major blockchains. And if you actually want to get your hands on it, we’re always happy to help at rabbit.io - you can swap just about any crypto for ZRO easily.

There’s just one small problem: LayerZero Power Systems has nothing to do with the LayerZero protocol. It’s a completely different company that just happens to have a similar name.

Then again, lots of things are pumping today. Maybe ZRO would’ve gone up anyway.