PANews reported on June 20 that according to a post by on-chain data researcher @Noah_nftn, there are six LayerZero market makers, namely GSR (11 million ZRO received from LayerZero), Wintermute (6.5 million ZRO received from LayerZero), Amber Group (5.69 million ZRO received from LayerZero), Auros (360,000 ZRO received from LayerZero), Animoca Brands (800,000 ZRO received from LayerZero) and an unknown institution (500,000 ZRO received from LayerZero). Now Wintermute and GSR have recharged ZRO to exchanges for testing, including OKX, Bybit, Gate.io, KuCoin and Bitfinex, with a small proportion of tokens.
In addition, @Noah_nftn said that the publicity fees suspected to be paid by layerzero to KOLs have arrived, totaling 3.1 million ZRO. In response, Bryan Pellegrino, CEO of LayerZero Labs, said: "There is absolutely no KOL or anyone in the world who has unlocked and available tokens. There are no KOL rounds and no KOL allocations. All teams and investors follow the 3-year plan described in the token economic model. This is common for MM and should come from the basic liquidity supply."
@Noah_nftn asked: "Where do the 3.1 million ZROs belong to?" Pellegrino replied: "It should not be 3.1 million, it should be (belonging to) custodian." In addition, @Noah_nftn asked: "Animoca Brands does not have MM business, he is a layerzero investor, why did he get a distribution in TGE?" Pellegrino replied: "Animoca has an extremely active MM business and operates MM for a large number of large projects."
