Alameda wallet swapped 129M STG for 11.142M ZRO, confirmed details
Alameda’s bankruptcy wallet swapped approximately 129 million STG for approximately 11.142 million ZRO on February 12, 2026, according to Coinness.com. The reported transfer equates to roughly 12.9% of STG’s total supply.
The activity was attributed on-chain to the Alameda Research bankruptcy estate and resulted in a substantial position shift from Stargate Finance’s STG into LayerZero’s ZRO. The swap size and counterpart asset have been widely cited in coverage focused on cross-chain liquidity and token migration programs.
The transaction’s notional value was about US$24.29 million, as reported by Youtocoin.com. No official rationale from Alameda’s liquidators or LayerZero Labs accompanied the on-chain movement at the time of reporting.
Why this swap matters for LayerZero, Stargate, and holders
Moving a double-digit share of STG’s supply into ZRO concentrates material governance and liquidity implications across both ecosystems. For Stargate Finance, such an outflow can tighten circulating float and alter pool depth if further transfers follow.
For LayerZero, a large ZRO inflow to a single estate introduces potential future sell pressure or treasury-like overhang, depending on disposition by liquidators. Holders of both tokens may see episodic liquidity dislocations as venues reprice inventory and adjust market-making ranges.
Large, one-off programmatic swaps can create short-term volatility as liquidity providers rebalance and arbitrageurs close basis gaps. If Alameda’s estate stages subsequent moves, venue-specific spreads and depth may change intraday.
At the time of this writing, STG was quoted near $0.1630, and recent metrics characterized volatility as very high. Such readings are contextual only and do not indicate forward performance.
Confirmed, unconfirmed, and LayerZero ‘Zero’ L1 timing
Coverage confirms the swap amounts, counter-asset, and program presence, while motive and ongoing strategy remain unverified. No official statements from Alameda’s liquidators, LayerZero Labs, or regulators were included in the reports reviewed.
Media summaries have also described how the community-facing exchange terms frame these conversions. “STG holders have the option to exchange their tokens for ZRO at a fixed rate of 1 STG = 0.08634 ZRO,” said MEXC News.
STG to ZRO exchange rate 1 STG = 0.08634 ZRO
A fixed conversion rate standardizes execution and removes price slippage during the swap window. This structure simplifies accounting for estates and individual holders but concentrates timing and counterparty risks into discrete events.
Timeline versus LayerZero ‘Zero’ L1 announcement: what’s known
Reports linked the swap to the same news cycle as LayerZero’s “Zero” L1 announcement, but precise sequencing and intent were not officially confirmed. Without direct statements, any motive-to-timing inference remains tentative.
FAQ about Alameda wallet swaps 129 million STG for 11.142 million ZRO
Why did Alameda exchange STG for ZRO, was it part of LayerZero’s official STG→ZRO program or another strategy?
Unconfirmed. Coverage documents the conversion, not motives. No verified statements from Alameda’s liquidators or LayerZero Labs have explained intent.
How does the fixed STG to ZRO conversion rate work and can regular STG holders still swap?
Coverage indicates a fixed 1 STG = 0.08634 ZRO rate via a program. Availability for holders has been reported, but official windows and terms were not independently confirmed here.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/news/stargate-stg-shifts-as-alameda-swaps-129m-to-zro/
