LayerZero's new $ZRO token experienced a 19% drop due to controversy over its "Proof-of-Donation" claiming mechanism.
This requires users to donate to the Protocol Guild to claim tokens, which some critics likened to a tax. Despite the backlash, some support the initiative for its potential benefits to the #Ethereum developer community. The #LayerZero Foundation plans to match donations up to $10 million. Initially, ZRO saw a brief price surge before falling significantly.
