Airdrops have long been one of the most effective marketing tools in crypto, but they almost always trigger the same phenomenon: selling pressure from those who received free tokens. The case of $ZKC is no different.
When @Boundless launched its mainnet and distributed 15 million ZKC (about 1.5% of the genesis supply) through an airdrop, a large number of tokens were instantly unlocked and entered the market. For many early participants, the goal wasn’t to hold long-term but to cash out quickly and realize profits.
There are three main drivers behind this behavior:
1. Immediate “take profit” psychology: Since tokens were obtained for free, virtually any listing price on exchanges is considered pure profit. This creates strong selling pressure right from the start.
2. High volatility risks: Airdrop recipients often fear that prices will collapse quickly, especially if the token has not yet proven strong real-world utility. Selling early becomes a way to secure gains before uncertainty takes over.
3. Initial liquidity opportunity: With ZKC listed on major exchanges like Binance and KuCoin, liquidity was deep at launch. This provided the perfect exit window for recipients to sell large portions of their holdings without suffering major slippage.
The result was sharp downward pressure: ZKC dropped by nearly 50% after launch, a clear sign of collective profit-taking. However, this phenomenon is likely short-term in nature. Over the longer horizon, if #boundless continues to expand its ecosystem, secure strategic partnerships, and drive real token utility, ZKC has the potential to stabilize and grow beyond the sell-off phase.
In conclusion, profit-taking after an airdrop is a natural occurrence in crypto markets. The real question isn’t whether recipients will sell—it’s whether the project can transform a “free token” into a “value-backed token” with sustainable demand.
