ZetaChain seeks approval to move ZETA to Solana and halt its L1 on December 9

ZetaChain is seeking approval to migrate its ZETA token to Solana on December 9 and shut down its own layer-1 chain. The plan also includes launching ZetaLabs and burning roughly 55 million tokens during 2027. Traders holding ZETA face a chain migration and supply reduction, which could affect liquidity and token value depending on how the vote and burn are executed.