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?