Summary
- ZKSync recently dropped 20%, with allegations of team sell-off emerging.
- Regarding the rumor of selling 66 million ZK, the ZKSync team stated that they are still locked.
- An investigation is currently underway, and the price of ZKSync has fallen by 14.42%.
ZKSync (ZK) has plummeted, with allegations spreading in the cryptocurrency community that the ZKSync team sold 66 million ZK.
On the 15th (local time), ZKSync experienced a sudden drop of about 20% on the global cryptocurrency exchange Binance. Consequently, allegations have spread within the community that the ZKSync team sold 66 million ZK.
One X (formerly Twitter) user stated, "The ZK holdings of the team and investors are still locked. The team is secretly issuing additional tokens and dumping them on the market," adding, "ZKSync issued 110 million ZK on-chain, of which 66 million ZK have already been sold on the market."
Famous cryptocurrency influencer Artualist also reported, "110 million ZK were issued, and 66 million of them were sold on-chain," adding, "According to tokenomics information, the tokens of the team and investors are still locked."
ZKSync announced through its official Discord, "The allocations for the team and investors remain locked," and "We have started an investigation into this incident."
As of 10:47, ZKSync is trading at $0.0439 on the Binance USDT market, down 14.42% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
