ZK token valuation drops to $3.4 billion, down 40% from launch

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Cointime2024/06/25 00:28

By:Cointime

Data shows that the market value of ZK, the token of ZKsync Era, is currently about 600 million US dollars, and the fully diluted valuation at the time of publication is 3.4 billion US dollars, a 40% decrease from the valuation at its launch on June 17. Analysts from The Block pointed out that this may be due to the continued selling pressure from airdrop recipients and the overall poor market conditions. The 7-day moving average of active addresses on Zync Era reached a historical high of nearly 675,000 on the day of the token launch, but the number of active addresses decreased by half just three days after the token launch.

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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