ZKsync Plummets Over 20% Following Binance Listing Amid Airdrop Controversy
ZKsync’s token (ZK) experienced a sharp 20% drop after its listing on Binance, driven by investor dissatisfaction following its airdrop announcement. Many long-term users felt shortchanged by the token allocation, receiving fewer tokens than anticipated, while some top-tier projects were excluded from the distribution.
Additionally, concerns about insufficient anti-Sybil measures intensified the backlash. Despite these issues, Binance’s listing of ZK and a new token distribution program sought to address user grievances, though the initial market reaction remained mixed.
