CryptoAdventure- zkSync's airdrop triggered a major sell-off due to concerns about manipulation, leading to a 34.5% price crash

in blockchain •  7 months ago 

https://cryptoadventure.com/flawed-airdrop-zksync-holders-dump-tokens-after-launch-price-crashes-34-5/
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zkSync launched a free token airdrop on June 17th, but many recipients immediately sold their tokens, causing a 34.5% price drop.

While zkSync defended their airdrop criteria, some criticized it for allowing manipulation and leading to the sell-off.

This event highlights challenges with airdrops, balancing inclusivity with preventing price manipulation.

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blockchain horror dump zksync airdrop sell-off manipulation crash
7 months ago by

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      ·  7 months ago 

    Upvoted! Thank you for supporting witness @jswit.

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