Putting the zero in ZK? 🪂 A new airdrop but the same old story. Yesterday, the Ethereum Layer-2 solution zkSync opened claims for their controversial ZK token airdrop but quickly ran into performance issues as the network suffered heavy congestion.
Users were unable to claim their tokens as the network was unable to keep up with the influx of transactions, with several RPCs experiencing heavy latency.
Even exchanges such as Binance had to delay the listing of the token due to node issues.
However, despite the bottleneck, up to 45% of users managed to claim their tokens, a number which has risen to 80% today, according to a Dune dashboard, as the network has since regained stability.
Since the announcement of the ZK airdrop, the crypto community has been quick to voice their concerns regarding the inclusion of many sybil wallets, leading to a heavy barrage of FUD on X which may have impacted the token's performance.
The ZK token was initially launched at $0.40 on several DEXs but has since fallen by 43.8% to $0.22 as of the time of writing. Editor's Note: Blame it on the FUD or the bad timing, but users might not be as keen on new Layer-2s for now, especially when so many of them are popping up. Not to mention, after the launch of STRK, users are now more wary of tokens with low circulation but sky-high valuations. Price action aside, the airdrop-claiming experience in crypto has yet to improve, and teams should really start to focus on scaling their infrastructure to accommodate heavy traffic. | 
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