zkSync airdrop 2 months ago left many disappointed. But we see the price of $ZK pumping more than other L2 tokens 45% since the dump.Who buying when everyone say it will dump

Do the insiders know something that we don't?

  • The 72.7% sell-off might seem alarming, but it's actually common in airdrop. Here why:

    -Many user are in for quick profits, Airdrop Farmer.

    -This doesn't necessarily reflect on zks value proposition but show the selling pressure that affect the price of $ZK at short term.

  • The 25.3% who kept some or all tokens? These holders likely:

    -Understand zkSync technology

    -Believe in the long-term vision

    -See potential for growth in the L2 ecosystem

  • Let's break down that 25.3%:

    15.4% hold all their tokens, betting on zkSync ecosystem success, while 9.9% sold partially to lock in gains while staying in the game.

    This reflects both strong confidence and smart risk management.

  • Now, the 2% who bought more. Small? Yes.

    Insignificant? No.

    Why ?

    Only about 10% of traders are typically profitable

    These buyers could be the "smart money" - investors who see undervalued potential

    It indicates some level of post-airdrop market demand. This 2% might be small, but it's a positive signal in my view.

  • Don't sleep on that 45% $ZK pump:

    -Significant buy pressure emerging

    -Growing market confidence

    -Potential smart money moves

    While other L2 tokens struggle to recover, zkSync's bouncing back strong.

    A sign of things to come?

So, is the FUD deserved?

  • The data suggests otherwise. While challenges remain, zkSync's showing strong signs of resilience and potential growth.

    The smart money seems to be taking notice.

    Are you bullish on ZK?