LayerZero (ZRO) is facing intense selling pressure as smart money traders executed a coordinated $3.07 million selloff in the past 24 hours, according to exclusive onchain data. The massive outflow represents the most significant single-day dumping activity for the interoperability protocol token since its controversial airdrop launch.

Three whale addresses orchestrated the selloff, completely reversing weeks of accumulated positions. Despite maintaining positive 7-day and 30-day inflows of $970K and $910K respectively, the sudden 24-hour reversal signals a dramatic shift in sentiment among sophisticated traders who typically hold positions for extended periods.

The timing of the selloff coincides with broader skepticism around LayerZero's tokenomics and ongoing debates within the scaling and connectivity sector. With ZRO trading at a $306 million market cap, the token now faces critical support levels as retail investors watch for additional smart money moves.

Market analysts note that such concentrated selling from proven traders often precedes larger market corrections, making ZRO a token to watch closely in coming sessions.