zkPancakeSwap Opens Claim For 2.4M ZK Tokens As zkSync Denies Insider Minting đŁđ¨
ancakeSwap, a major decentralized exchange, has unveiled plans to distribute over 2.4 million zkSync (ZK) tokens to its community. This significant airdrop comes at a sensitive time for the zkSync ecosystem, coinciding with recent allegations against Matter Labs, zkSyncâs developer. The airdrop aims to reward PancakeSwapâs users and increase platform engagement, but its timing has drawn attention due to the ongoing controversy surrounding zkSync.
At the time of publication, the airdrop is available to veCAKE holders and past contributors. Eligible users can claim their ZK tokens by connecting their wallet to the PancakeSwap platform homepage and following the provided instructions. Any unclaimed tokens will be redirected to support future PancakeSwap ecosystem development and community initiatives.
Market Impact and ZK Token Performance
The ZK token has faced significant price pressure in recent weeks. Last month, it experienced a 5% drop following a $113 million token airdrop. Since its listing on major exchanges, numerous sell-offs have occurred, negatively impacting the tokenâs value.
As of the latest report, ZK is trading at $0.1495, with a 24-hour trading volume of $346,751,351. This represents a 7.43% price decline in the last 24 hours and a 7.55% decline over the past week. With a circulating supply of 3.7 billion ZK, the tokenâs market capitalization stands at $546.9 million.
The crypto community is now speculating on how PancakeSwapâs recent airdrop might affect ZKâs price, given its recent volatile performance and the ongoing controversy surrounding zkSync.
