Do you remember the ZKsync airdrop from 2024? I just took a look at the historical data—back then, it was truly wild. In just ten hours, more than 2.6 billion ZK tokens were claimed, worth $630 million. But the interesting part is this— the price dropped by 27% right away, falling from 30 cents at the open to 22.8 cents.

Even funnier is that when you look back now, ZK’s price is down to $0.02, and its market cap is only $158 million—completely a different story. Back then, 37% of people who claimed immediately dumped, while 33% chose to hold. Everyone had their own ideas.

ZKsync itself is an Ethereum Layer 2 scaling solution that uses zkRollup technology to make transactions faster and cheaper. This airdrop distributed 17.5% of the total supply, which is a historic-level allocation. However, the network was also unbelievably congested at the time—some people had to wait more than 20 minutes just to claim, and a major exchange’s node even had issues that led to delayed withdrawals.

When you look back at this airdrop now, it feels like a textbook case—strong community enthusiasm, but the market reality was brutal. Did you participate in the zksync airdrop back then?