Investors are happy to jump out of LayerZero with a 50% discount.

The founder of the Stix platform writes on Twitter about the internal OTC market for the LayerZero token:

"Since 2021, more than $50M worth of tokens have been sold on the secondary market before the TGE at a price above $3B / FDV.

Sellers who refused massive purchase offers at $3B before the TGE are now writing to us and want to unload at least at $1.5B/FDV ($1.5 per token).

No one wants to be locked in this crap for three years."