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🚨 Wormhole Ups the Stakes for Stargate! 🚨
On August 23rd, the Wormhole Foundation announced a bold move: it has secured financing and officially submitted an acquisition offer for Stargate (STG).
💰 The deal? An all-cash offer of at least $120M in $USDC — topping LayerZero’s $110M bid.
✅ This means maximum certainty + immediate liquidity for $STG holders, without the delays or risks tied to token swaps or exchange volatility.
Previously, Wormhole had requested a suspension of the community vote regarding LayerZero’s proposal, signaling its intent to step in with a higher-value acquisition.
🔑 With this new bid, the Stargate acquisition race just got a lot more interesting — and the spotlight is now firmly on STG.
DYOR No Financial advice!
#Stargate #Wormhole #LayerZero #CryptoNews