4100 out of the 10,000 largest addresses that received a distribution from ZKsync have sold all their ZK tokens, according to data from Nansen.

👀 Another 29.2% have sold only part of their tokens, while slightly more than 30% of wallets are still holding their assets.

In total, the large airdrop participants have dumped 491 million ZK, which at the time is equivalent to ~$110.1 million. 🧐

However, Nansen's data covers only 1.4% of the 690,951 eligible wallets, so there is no precise information on how smaller recipients are behaving. 🤷