ZKsync Airdrop of ‘ZK’ Token Puts Initial Market Cap Near $800M

The ZK token opened at $0.31 and is down about 31% since then, trading at $0.22 at the time of writing, according to CoinGecko. The market capitalization stands at about $800 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 $4.5 billion.