Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

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.
0

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.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Cryptocurrency Statement from Visa: “The Future Will Be Different”

Visa's cryptocurrency manager, Cuy Sheffield, spoke about the future of the industry in his statement. Here are the details.

Bitcoinsistemi2024/09/20 22:15

Will Altcoin Season Begin? Analytics Company Gives Its Opinion

Is there a possibility of a rally on the altcoin side after the FED makes a big interest rate cut? The analysis company shared.

Bitcoinsistemi2024/09/20 22:15

Michael Saylor’s Bitcoin Claim Dropped Like a Bomb: “According to Credible Rumors…”

MicroStrategy board chairman Michael Saylor touched on a Bitcoin claim in his statement.

Bitcoinsistemi2024/09/20 22:15