ZK token valuation drops to $3.4 billion, down 40% from launch
Odaily2024/06/24 21:25
By:Odaily
Odaily News Data shows that the current
market value of zkSync Era token ZK is about $600 million, with a fully diluted valuation of $3.4 billion as of press time, down 40% from its valuation when it was launched on June 17. The Block analysts pointed out that this may be due to the continued selling pressure from airdrop recipients and poor overall market conditions. The 7-day moving average of active addresses on zkSync Era hit a record high of nearly 675,000 on the day of the ZK token launch, but just three days after the token was launched, the number of active addresses was reduced by half.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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