tl;dr
PancakeSwap, a decentralized exchange, plans to distribute 2.4 million zkSync (ZK) tokens to its community amid controversy surrounding zkSync's developer, Matter Labs. The airdrop aims to reward users and boost engagement, coinciding with recent allegations against Matter Labs. Eligible users can c...
PancakeSwap, a decentralized exchange, has announced a plan to distribute 2.4 million zkSync (ZK) tokens to its community amidst controversy surrounding zkSync's developer, Matter Labs. The airdrop aims to reward users and boost engagement, coinciding with recent allegations against Matter Labs. Eligible users can claim tokens through PancakeSwap's platform, with unclaimed tokens supporting future ecosystem development. The ZK token's recent price decline and market performance are being closely watched in light of the airdrop and zkSync controversy.
PancakeSwap, a leading multichain decentralized exchange, will distribute 2,452,128 zkSync (ZK) tokens to its community members over a one-month period, ending on August 5. This gesture of appreciation for the community's support of PancakeSwap's zkSync deployment since July 2023 comes amidst recent controversy surrounding zkSync's developer, Matter Labs. The airdrop aims to reward both past and future contributors, as well as vote-escrowed Cake (veCAKE) holders.
Eligibility for the airdrop extends to active users who have contributed through trading, liquidity provision, and participation in previous zkSync initiatives, with future contributors who provide liquidity and trade on zkSync PancakeSwap also included. At the time of publication, the airdrop is available to veCAKE holders and past contributors, who can claim their ZK tokens by connecting their wallet to the PancakeSwap platform homepage and following the provided instructions. Unclaimed tokens will be redirected to support future PancakeSwap ecosystem development and community initiatives.
The ZK token has faced significant price pressure in recent weeks, with a 5% drop last month following a $113 million token airdrop. Sell-offs after listing on major exchanges have negatively impacted the token's value. As of the latest report, ZK is trading at $0.1495, with a 24-hour trading volume of $346,751,351, representing a 7.43% price decline in the last 24 hours and a 7.55% decline over the past week. With a circulating supply of 3.7 billion ZK, the token's market capitalization stands at $546.9 million. The crypto community is now speculating on how PancakeSwap's recent airdrop might affect ZK's price, given its recent volatile performance and the ongoing controversy surrounding zkSync.
More about United States Steel Corporation
Company: United States Steel Corporation
Business Focus: Manufacturing, Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Headquarters: Pittsburgh, Pennsylvania
Revenue: $8,757,907,000
Stock Price: $11.26
Price Change: $0.2
Price Change (%): 3.46%
Relative Strength Index (RSI): 79.23
Bollinger Bands: 0.0489
Market Cap: $17,743,000,000
50-Day Moving Average: $38.25
50-Day Moving Average Change: -$0.129
200-Day Moving Average Change: -$0.069
More about ZEEKR Intelligent Technology Holding Limited
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ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of electric vehicles and batteries.
Sector: Technology
Industry: General
Market Cap: 4.38B
Dividend Yield: None
Beta (5Y Monthly): -4.43
Price: 288.94
EPS: -0.138
Volume: 57,788,961,000
PE Ratio: 34.73
Forward Dividend & Yield: 0 (0.71%)
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