According to the data, ZKsync Era token ZK currently has a market cap of around $600 million and a fully diluted valuation of $3.40 billion as of press time, a 40% decrease from its valuation when it was launched on June 17. Analysts at The Block pointed out that this could be due to continued selling pressure from airdrop recipients and poor overall market conditions. The 7-day moving average of active addresses on the Zync Era hit a record high of nearly 675,000 on the day of the ZK token launch, but the number of active addresses halved just three days after the token launch.