@lemon-brothers
⚡️ZkSync distributed drop
The $ZK token is trading at $0.22, which is below premarket and expectations. FUD and a weak market make their own adjustments.
Prospects for $ZK:
+ The current token price of $0.23 gives a capitalization of less than $1 billion, and FDV is $5 billion. For competitors, these figures are 2 times higher
+ Investment in the project is $458 million. More than other L2 solutions already traded
+ Next token release in a year
- High competition among L2. Why does the market need so many chains, and who will buy all these tokens?
- The team has collected a lot of tokens into their wallets, they can be cashed at any price
💬Conclusion:
A serious project with huge investments definitely hired a good MM. Buying out the drop hunters' allocation (which is minimal, because everyone was shaved off), and then pumping up the price sounds like a plan
I decided to keep my allocation until the price is $0.4, where I will drain more than half
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