ZKsync Airdrop of ‘ZK’ Token Puts Initial Market Cap Near $900M

The ZK token opened at $0.31 and is down about 21% since then, trading at $0.24 at the time of writing, according to CoinGecko. The market capitalization stands at about $908 million, based on the circulating supply, with about 3.7 billion tokens eligible to be distributed. On a fully diluted basis, the market cap would be $5.1 billion.