Due to the LayerZero Foundation's proposed acquisition of the Stargate cross-chain bridge, ZRO and STG have both surged over 14% in the past 24 hours.

BlockBeats News, August 11th, according to HTX data, ZRO surged over 22% in the past 24 hours, currently trading at $2.432. STG surged over 14% in the past 24 hours, currently trading at $0.1906.

Previously reported, at 7:00 on August 11th, the LayerZero Foundation proposed to acquire the Stargate cross-chain bridge and its STG token for $110 million. According to the terms of the proposal, the STG token will be deprecated, and STG holders can swap their tokens for LayerZero's native token ZRO at a rate of 1 STG to 0.08634 ZRO, equivalent to a value of $0.1675 per STG and $1.94 per ZRO.