$ZK According to blockchain analytics firm Nansen, about 41% of the top 10,000 addresses that received the ZK (zkSync native token) airdrop have sold all of their airdropped tokens. In addition, about 29.2% of the addresses sold at least some of their tokens. In total, these addresses dumped more than 486 million ZK tokens. In contrast, only about 30% of the top receiving wallets chose to hold their ZK tokens.

The 10,000 addresses covered by this data only account for about 1.4% of the 695,232 eligible wallets in the 3.7 billion ZK token airdrop announced by zkSync last week. The nonprofit zkSync Association said that 45% of the tokens were claimed in less than two hours on June 17, causing some initial network problems. According to data from Matter Labs data scientist Landon Gingerich, as of the time of this article’s publication, more than 491,000 wallets have claimed nearly 75% of the airdropped ZK tokens.

The total supply of $ZK tokens is 21 billion, with a fully diluted value of over $4.4 billion. Only about 17.5% of the total supply is currently in the market, with a market cap of approximately $772 million. ZK tokens reached a high of $0.32 shortly after listing, but then fell in price and are currently trading around $0.20.

These data reflect the rapid market reaction and price volatility after the airdrop of #币安上线ZK ZK tokens, and also show the impact of the trading behavior of top wallet holders on the market.