ZK Token Launch: Market Cap Drops to $600 Million Amid Initial Hype and Selling Pressure
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zkSync recently launched its much-anticipated token, ZK, with an initial market valuation of $1 billion on June 17. Despite an initial surge, ZK’s market value decreased due to persistent selling pressure from airdrop recipients and generally weak market conditions. As of now, ZK’s market capitalization hovers around $600 million, marking a 40% drop from its

Source: CoinOtag