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The two most anticipated crypto airdrops of the year, namely those of layer-2 ZKsync and LayerZero, have finally come to an end.

ZK token's price dropped by more than 38% after launch, but a few market indicators hinted at a price hike.

The cutting-edge Ethereum scaling solution with a massive community, ZkSync (ZK), has completed its highly anticipated airdrop. The project began in 2020 and has finally launched on the DeFi crypto list, with top exchanges like Bitget and Binance listing its native token, ZK, for trading and staking.

ZkSync Price Analysis: The price of ZK tokens dropped a further 7% during European business hours on Friday to trade at $0.198. The token is less than a week old but has witnessed a massive sell-off after the team launched their long-awaited airdrop on Monday this week.

The price of ZK has plummeted by 5% amid a significant sell-off following the $113 million zkSync token airdrop. Since the day of the listing, numerous sell-offs have occurred, heavily impacting the token's value and leading to a series of price dips.

It was a sea of red in the altcoin industry on Thursday as the crypto fear and greed index slipped to the neutral point. zkSync (ZK) token was trading at $0.2175, down by over 32% from its highest point this week.

The 7-day moving average of active addresses fell from over 455,000 at the end of February to just 218,000 on June 10.

What factors contributed to zkSync's drastic 39% price drop post-airdrop, and what are analysts saying about zkSync's price prediction for the coming months? On June 17, zkSync (ZK) tokens were distributed through an airdrop, creating a lot of initial interest.

The recent Binance listing has brought ZkSync (ZK) into the spotlight, while significant whale activity around PEPE has sparked interest within the crypto community. Meanwhile, the DTX Exchange is emerging as a presale powerhouse for traders looking to capitalize on these dynamic shifts with its cutting-edge technology and mind-blowing platform features.

Lens Protocol, the decentralized social media platform created by Aave founder Stani Kulechov, is set to receive substantial backing from zkSync, a zero-knowledge technology-powered protocol.

Bitget has introduced a new staking option on the PoolX platform, through which users can earn more ZK tokens. This development comes as the market looks for signs of recovery following recent price turbulence.

The crypto market shed has shed a lot of value since the downturn last week, considering the cumulative cap at $2.44 trillion from $2.8 trillion on June 5, CoinGecko data shows. Bitcoin price abandoned a potential rally to $70,000, as a bearish trend moved across the market leaving no stone unturned even for altcoins to

According to blockchain analytics firm Nansen, over 41% of the initial recipients of ZKsync's recent airdrop sold their entire token allocations on the first day. This liquidation wave involved more than 4,160 wallet addresses, pushing nearly $500 million of the new ZK tokens into the open market.

Nearly half of the top recipients of ZKsync's airdrop liquidate the governance tokens on day one.

Despite a general market downturn initiated by Bitcoin's price drop, some cryptocurrencies are defying the trend and showing significant activity. Here, we explore the top trending cryptos and their market dynamics.

Over 41% of monitored addresses sold all of their airdrop tokens. Of the top receiving wallets, little more than 30% have kept their ZK tokens.

Over 71% of top ZK token holders sold their holdings after the airdrop, amounting to over 500 million tokens dumped in the market. The post Over 71% of the top ZK holders sold their tokens post-airdrop appeared first on Crypto Briefing.

The ZKSync Era is currently in its first post-launch dates, during which the price of the new ZK asset will be determined. The first days of selling, buying, or holding may set up ZK for success or failure.

28.8% of addresses held onto all of their claims, with 30.1% offloading at least some of their allocation, according to Nansen.

ZkSync price forecast: ZK, a Layer-2 protocol designed to scale Ethereum, has experienced a significant price decline following a market correction. The price of zkSync sank more than 16% over the past day, trading at $0.2207 as of the US session on Tuesday.

ZKsync's ZK token officially launched on multiple exchanges on June 17, with the token witnessing considerable price fluctuations as ZKsync dealt with network issues.

ZeroLend was omitted from the zkSync token airdrop despite meeting eligibility criteria and holding significant on-chain activity.

ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the project's announcement of its ZK token airdrop was met with backlash from investors and the crypto community.

ZKsync (ZK) is being listed on Binance, a major cryptocurrency exchange, and the company will commence its token distribution program.