Nansen Data Top 10000 Addresses Receiving Most ZK Tokens Airdrop Sold Over 40

Nansen Data Top 10000 Addresses Receiving Most ZK Tokens Airdrop Sold Over 40

Nansen Data Top 10000 Addresses Receiving Most ZK Tokens Airdrop Sold Over 40

According to blockchain analytics company Nansen, nearly half of the top 10,000 wallets that received the most ZKSync native tokens, ZK, have already sold all of their allocations.

Ethereum Layer 2 network ZKSync opened up user claims for its native token, ZK, yesterday afternoon (17th). Data shows that among the “top 10,000 addresses” tracked by Nansen that received the ZK token airdrop, 40.9% sold all of the airdropped tokens, with 29.8% selling at least some. The 7,069 addresses that sold ZK tokens have a total of approximately 490 million tokens, accounting for about 0.13% of the total amount of tokens (3.675 billion) that ZKSync announced would be airdropped to users last week.

Source: Nansen

According to data compiled by Landon Gingerich, a data scientist at the ZKSync developer Matter Labs, at the time of writing, nearly 75% of the addresses eligible to receive the ZK token airdrop have completed their claims, and 77.78% of the airdropped tokens have been claimed.

Source: Dune

The total supply of ZK tokens is 21 billion, with a fully diluted valuation (FDV) exceeding $4.6 billion. Currently, the ZK supply on the market represents only 17.5% of its total supply, with a market value of approximately $800 million. According to data from CoinGecko, the trading price of ZK tokens shortly after listing yesterday was around $0.28, but it experienced a more than 30% drop afterwards. As of the deadline, the price of ZK had rebounded to around $0.22.

Data source

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