On June 17, 2024, the airdrop of the zkSync project began. Within less than a day, 41% of wallets that received the largest amount of ZK tokens sold all their coins, according to data from Nansen.
The platform tracks the 10,000 largest recipients of the asset. Of these, 29.2% sold at least part of their coins. In total, more than 486 million ZK tokens were sold.
Statistics show that about 30% of top addresses retained the asset. These 10,000 wallets account for 1.4% of the total number of addresses that received zkSync tokens. A total of 695,232 addresses were distributed, according to the team.
ZK Nation reported that 45% of all airdrop tokens were claimed within the first two hours of the distribution. Within less than a day, claims were made for nearly 75% of the allocated 3.675 billion ZK.
According to Lookonchain, one of the "sybils" received 3.01 million ZK (about $753,000 at the time of receiving) across 85 wallets. He sent more than 2.7 million ZK to the Binance exchange and swapped 300,000 tokens for 20 ETH.
At the time of writing, the zkSync token price is $0.21. Since its listing, the asset has dropped by 31%, according to CoinGecko. The token's market capitalization is $796 million.
It is worth noting that among the cryptocurrency exchanges that opened trading for the zkSync token is Binance. The company conducted an airdrop of 10.5 million ZK among 52,500 users. The recipients were those who did not meet the project's airdrop requirements.
Additionally, prior to the airdrop, zkSync developers faced criticism. Some users were dissatisfied with the token distribution scheme, prompting project representatives to explain their position.
