# ZKsync's ZK Token Goes Live

*Author: David Christopher*
*Published: Jun 17, 2024*
*Source: https://www.bankless.com/de/zksyncs-zk-token-goes-live*

---

Claims for ZKsync's ZK airdrop went live today, with the token currently trading at around $0.22.

### What's the scoop?
- **Market Capitalization: **The token's market capitalization is ~$835M, with a fully diluted value (FDV) of $4.7B.
- **ZK on Exchanges:** According to Coingecko, ZKsync trading volume has reached ~$855M since launch. The token is [available on centralized exchanges](https://www.theblock.co/post/300389/zksync-live-mcap-airdrop) like Binance, Bybit, Gate.io, and KuCoin. For Binance, withdrawals will be available starting June 18, 2024, at 4 a.m. EST.
- **FDV Comparables and Sentiment:** Twitter sentiment is skewing positive, with many believing ZK may be undervalued given its FDV relative to other recent airdrops. For context, Starknet initially traded at a [>$30B FDV](https://thedefiant.io/news/defi/starknet-s-usd2-billion-airdrop-is-crypto-s-biggest-yet) when it first launched.

### Bankless Take
One of the most long-awaited airdrops, ZK’s launch at an FDV of ~$4.7B looks to have solid upside, considering other FDV’s like Starknet’s and the depressed market state. This can be seen further in that most people who claimed ZK have [chosen to hold their airdrops](https://query.nansen.ai/public/dashboards/uHhTXjQbXiR6OCB1BXlmOAujStIPCfJdPleAknZa?org_slug=default) rather than sell. While it is early and this breakdown could change, sentiment on Twitter currently signals that it may be best to hold *at least a little* of your airdrop if you received ZK.

> [$ZK](https://twitter.com/search?q=%24ZK&src=ctag&ref_src=twsrc%5Etfw) valued at $6bn FDV right now while the range for similar projects is $8bn-$10bn (after a massive dump)... it feels undervalued.People are too scared to buy VC coins after the terrible performance of some of them I guess ($W for example). [pic.twitter.com/bHlCDZ0JgH](https://t.co/bHlCDZ0JgH)— VIKTOR (@thedefivillain) [June 17, 2024](https://twitter.com/thedefivillain/status/1802618671644209413?ref_src=twsrc%5Etfw)
---

*This article is brought to you by [NEAR](https://www.bankless.com/de/sponsor/near-1785257427?ref=zksyncs-zk-token-goes-live)*