ZETA briefly touched 0.07 USDT before easing to 0.064 USDT, according to Bitget market data, leaving the token up 67.2% over the past 24 hours. The move came after the ZetaChain community approved a proposal yesterday to migrate ZETA to Solana, with 99.4% voting in favor, according to an earlier Foresight News report. The proposal calls for moving ZETA to Solana on a 1:1 basis while keeping the same token and code. It also says ZetaChain Layer 1 would be shut down in stages after holders and related chain assets complete the migration. ZetaChain’s core contributor team is expected to submit a second proposal that will lay out the detailed mechanism and timetable for the token migration and the closure of ZetaChain.
ZETA briefly touched 0.07 USDT and was last trading at 0.064 USDT, up 67.2% over the past 24 hours, according to Bitget market data.
Community vote approved the Solana migration plan
Foresight News had earlier reported that the ZetaChain community approved a proposal yesterday to migrate ZETA to Solana. The proposal passed with 99.4% support.
The proposal includes approval to move ZETA to Solana on a 1:1 basis while retaining the same token and code. After holders and related chain assets complete the migration, ZetaChain L1 would be shut down gradually.
ZetaChain’s core contributor team will later submit a second proposal detailing the specific mechanism and timetable for the ZETA token migration and the shutdown of ZetaChain.
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