Summary

Over 41% of monitored addresses have sold all their airdrop tokens, with zkSync’s price dropping by 16.15% in 24 hours.

Introduction

The recent zkSync airdrop saw significant activity among wallet holders, with a substantial portion selling off their tokens quickly.

Main Points

Blockchain analytics reveal that 41% of addresses sold all tokens, while over 75% of ZK tokens were claimed by 491,000 wallets. Top recipients mostly sold their allotment, leading to a 16.15% price drop in ZK.

Conclusion

The airdrop distribution and subsequent sell-off reflect the volatility and speculation surrounding crypto assets. zkSync’s airdrop criteria faced scrutiny, highlighting the challenges of fair distribution in the crypto space.