ZKsync Airdrop of 'ZK' Token Puts Initial Market Cap Near $900M
Summary
ZKsync has started its ZK token airdrop, with 45% claimed in under two hours. The ZK token opened at $0.31, now trading at $0.24. Binance, Bybit, and KuCoin have listed the token. The airdrop design upset some users, with 89% claimable by ZKsync users. Employees will receive 16.1% of tokens, investors 17.2%, and the rest will go to governance and ecosystem initiatives. Binance postponed the listing due to tech issues.
