Key Points:
ZKsync tokens launched at $0.25 and are now listed on multiple crypto exchanges.
Despite initial success, concerns remain about the distribution of ZK tokens and the airdrop program.
ZK airdrop holder statistics show that 42.49% of holders held tokens. The ZKsync market cap is $870 million, and the volume of the coin after launch was $99 million. Binance listed ZK, and giveaways are planned.
ZKsync tokens were trading at approximately $0.25 when they hit the market on Monday. Following the launch, several crypto exchanges listed the token, trading in several pairs.
ZK Airdrop Holder Statistics and Market Capitalization Details
Data from Nansen indicates that 42.49% of the top 10,000 addresses receiving ZK airdrops have chosen to hold their tokens. On the other hand, 30.3% of such universal addresses decided to fully transfer or sell, totalling about 234 million ZK. Two-way transfers or sales by 27.2% of owners totalled 103 million ZK.
ZK Airdrop Holder Statistics Reveal Surprising Trends: 42% Choose To Hold
The current market capitalization of ZKsync sits above $870 million, with a fully diluted value of nearly $4.9 billion. The token has a maximum supply of 21 billion and a circulating supply transcending 3.6 billion.
According to The Block, the trading volume of ZKsync hit almost $99 million in just a few hours following its launch. ZK token trades are now supported by centralized crypto exchanges such as Bybit, Gate.io, and KuCoin.
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Trading Volume, Binance's Role and Community Concerns
Binance listed ZK tokens with multiple spot trading pairs, including ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. The exchange would also open ZKsync withdrawals on June 18, 2024, at 4 a.m. EST.
Additionally, Binance will host the token distribution program for ZKsync from June 17 to July 16, 2024, intending to give away 10.5 million ZK tokens to eligible users.
However, in light of all this success, community concerns over the distribution of ZK tokens remain. According to critics, the methodology behind the airdrop program is wrong and cannot filter out Sybil farmers.
ZKsync Era is a layer-2 network whose main goal is to technologically enhance Ethereum's scalability with advanced zero-knowledge proof technology. The network works on increasing Ethereum's throughput, considering the core values of freedom, self-sovereignty, and decentralization at scale.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
