A significant amount of ZKsync token airdrop recipients have offloaded their full allocation within 24 hours of the ZK token going live, according to the onchain analytics platform Nansen.

Some 41.1% of the top 10,000 addresses who received the Ethereum Layer 2 network’s native ZK token have completely sold their airdrop allocation, Nansen data show. A further 30.1% have sold at least some of their allocations, with just 28.8% holding on to their full airdrop. However, the top addresses only account for 1.44% of the total 695,232 wallets eligible for the airdrop.

The top ZK token claims range from 52,816 ZK ($11,600) to 5,644,020 ZK ($1.2 million). In total, $346.7 million worth of ZK has been sold by addresses offloading their full allocation and $149.2 million by addresses making …