Data: The valuation of ZK tokens has dropped to 3.4 billion US dollars, a 40% decrease from its launch

ChainCatcher news, according to The Block report, data shows that the current market value of zkSync Era token ZK is about 600 million US dollars, and the fully diluted valuation as of press time is 3.4 billion US dollars, a decrease of 40% from the valuation at its launch on June 17.

The Block analysts pointed out that this may be due to continuous selling pressure from airdrop recipients and poor overall market conditions. The seven-day moving average of active addresses on zkSync Era hit a historical high on the day ZK token was released, close to 675,000, but just three days after the token release, the number of active addresses halved.