PANews reported on June 25 that according to The Block, since ZKsync launched the ZK token, its fully diluted valuation has been $3.4 billion, down 40% from when the token was launched. Analysts said this could be due to continued selling pressure from airdrop recipients and overall poor market conditions. The current market value of the ZK token is about $600 million, compared to $1 billion at launch. Data shows that active addresses on the ZKSync Era hit a record high of nearly 675,000 on the day the ZK token was launched, but just three days after the token was launched, the number of active addresses was halved. This suggests that the initial surge in numbers may have been due to dormant addresses suddenly becoming active to claim airdrop tokens.