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.
Latest
ZK Price Plummets 5% Amid $113M zkSync Token Airdrop Sell-Off
By
Sophie Berger — Staff Reporter
About the author · Staff Reporter
Sophie Berger
Sophie Berger covers EU regulation and policy from Brussels. With a Master's in European Affairs from Sciences Po and five years at Politico Europe, she tracks MiCA implementation, ECB digital-euro work and ESMA enforcement. Sophie is fluent in French, German and English, and has interviewed three EU commissioners on record. Her policy briefs are read across the BTCNews newsroom every morning.