@web3creator

Nearly half of the top recipients of ZKsync’s airdrop liquidate the governance tokens on day one. Data from Nansen shows that over 41% of 10,000 wallets sold full allocations received from Ethereum scaling zero-knowledge (ZK) protocol, ZKsync. According to the analytics firm, more than 4,160 addresses hit sell after claiming the ZK token. Around 30% of top recipients sold partial allocations, and less than 29% of claimers still hold tokens after the airdrop. As previously reported, ZK token sell-offs caused a % drop in the coin’s price, which traded around 20 cents at press time. Nansen reported that airdrop claimants have sold almost $500 million worth of ZK in the open market, although the top recipients compromise a fraction of the total distribution plan.

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