According to blockchain analysis company Nansen’s data, among the top 10,000 wallets that received the most ZKSync native tokens ZK airdrop, nearly half have sold all their allocations.
The Ethereum Layer 2 network ZKSync opened user applications for its native token ZK airdrop yesterday (17th) afternoon. Data shows that among the “top 10,000 addresses” tracked by Nansen that received the ZK token airdrop, 40.9% sold all airdropped tokens, and 29.8% sold at least some. The 7,069 addresses that sold ZK tokens sold a total of approximately 490 million tokens, accounting for about 0.13% of the total tokens (3.675 billion tokens) that ZKSync announced would be airdropped to users last week.
Source: Nansen
According to data compiled by Landon Gingerich, a data scientist at ZKSync developer Matter Labs, nearly 75% of the addresses eligible to receive ZK token airdrops have completed the application process, and 77.78% of the airdropped tokens have been claimed.
Source: Dune
The total supply of ZK tokens is 21 billion tokens, with a fully diluted valuation (FDV) exceeding $4.6 billion. Currently, the ZK supply on the market accounts for only 17.5% of its total supply, with a market value of approximately $800 million. According to CoinGecko’s data, the trading price of ZK tokens was around $0.28 shortly after listing yesterday, but then experienced a more than 30% drop. By the time of writing, the ZK price had rebounded to around $0.22.
Data source
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