Almost Half Of ZKsync Airdrop Recipients Sold All Of Their Tokens: Nansen
Recipients of the highly anticipated ZKsync airdrop were eager to dump their new coins immediately upon receipt, on-chain data shows.
According to blockchain analytics provider Nansen, roughly 41% of the top 10,000 Ethereum addresses to receive ZK tokens sold their investments entirely within 24 hours of the Monday drop. Nansen classifies this group as “jeets”—paper-hands investors who sell their holdings no matter what or at the slightest bit of trouble.
ZKsync Airdrop Jeets
Another 30.1% of recipients sold part of their holdings, while just 28.8% kept the full airdrop or added to their positions. Granted, these addresses represent just 1.44% of all wallets eligible for the drop, so the trend may have been different for recipients with smaller position sizes.
It's been more than 24 hours after the $ZK airdrop, so what have the top 10,000 recipients done with their tokens?
– 28.8% haven't sold any ZK
– 30.1% have moved or sold some of their ZK from their wallet
– 41.1% have moved or sold all their ZKhttps://t.co/MfHP0M7zxi pic.twitter.com/R7s1GTLKXm
— Nansen
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