Alameda Liquidation Address Converts 129 Million STG to ZRO, Sparks Market Interest

Alameda Liquidation Movement Sparks Discussion

According to blockchain monitoring platform Embers, on February 12, an address related to Alameda Research’s bankruptcy liquidation completed a significant token swap within a short window.

The address converted approximately 129 million STG (12.9% of the total supply) into 11.142 million ZRO, valued at around $24.29 million at current prices.

Why Is This Move Attracting Attention?

This token conversion followed LayerZero’s announcement of its upcoming L1 blockchain, Zero. Analysts speculate this could signal strategic positioning in the emerging ecosystem.

• Liquidation flows reflect progress in bankruptcy proceedings
• ZRO token visibility may rise further
• STG market liquidity undergoes significant shifts

This move has injected a fresh talking point into the crypto space, highlighting the complexity of institutional asset handling.