$ZORA Hits Exchanges at $0.03 Amid Team Silence
The ZORA token launched today, April 23, 2025, on major exchanges like Binance, Bybit, and KuCoin, trading around $0.03 with a fully diluted market cap near $300 million.
Despite the buzz, the Zora team has been radio silent, offering no official word on the listing, trading details, or the promised airdrop of 1 billion tokens (10% of the 10 billion total supply) for early users.
This lack of communication has sparked frustration, with some on X calling it a “scam” or “crime season.” The airdrop, valued at roughly $30 million, is retroactive, based on snapshots from January 1, 2020, to April 20, 2025, but no claim page or eligibility checker is live yet. With 65% of tokens allocated to insiders (team, investors, treasury), concerns about potential sell pressure loom large.
Have you interacted with Zora’s platform—minting NFTs or bridging ETH—and do you think the team’s silence hints at bigger issues?
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