ZK Price Plummets 5% Amid $113M zkSync Token Airdrop Sell-Off

ZK’s value takes a hit as it experiences a sharp 5% drop in price after the recent zkSync token airdrop, where $113 million worth of tokens were distributed. Ever since its listing, the token has faced multiple instances of selling pressure, resulting in frequent price declines. This decline emphasizes the volatile nature of the crypto market and casts doubt on what lies ahead for ZK in the near term.